Exceptionally well-maintained commercial/residential building in downtown Smiths Falls. After 53 years of operating a successfully popular restaurant, owners are retiring. The building's main floor has fully equipped restaurant with upscale kitchen. Second and third floors include six apartments, all rented. The restaurant's 4969sf versatile layout offers flexibility for variety of dining concepts, seating arrangements and service styles. Welcoming front reception area includes pizza workstation. From here, customers walk into casual 54'x15' dining area that seats 66. Two steps up to second 37'x 24' dining room seating 45, with attractive stone wall plus bar area. Besides dining areas, restaurant has a 32'x 32' banquet hall for special events that seats 66. Adjoining the banquet hall is all-equipped dessert station. Turnkey fully-equipped kitchen has efficient workflow with professional grade appliances, ample prep space and commercial refrigeration including walk-in cooler & walk-in freezer. Three natural gas furnaces and central air, for main floor restaurant. Four washrooms and storage rooms. Basement provides extra storage space. Separate exterior door for access to rental apartments on second and third floors. Rented apartments include one 1-bedroom apartment; two 1-bedroom + den apartments; two 2-bedroom apartments and studio apartment. Each apartment has electric baseboard heating, 100 amp service and their own hydro meter. Roof's front shingles 2025; back shingles approx 2015. All windows 2006-2007. Curbside garbage pickup for apartments. Restaurant has garbage contract service. Street parking, two hours free. Zoning C1 (Commercial). Over the years, restaurant was open 7 days a week with full capacity and regular bookings for the banquet hall. Excellent location downtown Smiths Falls. Opportunity to invested in the growing town, on the Rideau Canal system. Convenient central location, 20 mins to Perth or Carleton Place and 50 mins to Ottawa.