Replace damaged sill plate
Yes, it's fixable. However, I can't see 'it' from here. Thus, it's hard for me to say what should be done.
Call around and ask the contractors if they have experience in this area of work. You'll most likely have to have the 2nd floor temporarily supported in order to remove the plate.
Have you had a termite inspection recently? If not, you might want to consider one. Or, 'educate' yourself on the 'signs' of termite activity. And, read further on what to do to prevent such activity.
My best to ya and hope this helps.
Jay J -Moderator
Water Leak below Sill Plate
sill plates on poured concrete foundation to support...
Sill Plate Problem
circa 1840 foundation sill plate repair
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