8 Settlement Lane, Russell, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of 601 - Village of Russell. Expertly crafted featuring premium stone and vinyl siding construction, this residence presents an exceptional opportunity offered at $760,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 4 Bedrooms and 3 Bathrooms
- Generous living space spanning 1500-2000 sqft on a spacious lot (Feet)
- Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Auto Garage Door Remote, Bar Fridge, Central Vacuum
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to this beautifully maintained 2+2 bedroom bungalow in the sought-after community of Russell Trails. This Energy Star Home Offers a bright, open-concept design with hardwood flooring, this home is perfect for both everyday living and entertaining. The stunning kitchen is the heart of the home, featuring a large quartz island with breakfast bar, walk-inpantry, dedicated coffee station, and a spacious eating area complete with a built-in work station, ideal for workingfrom home or helping with homework. The inviting living room is highlighted by a beautiful floor-to-ceiling stone gasfireplace, creating a warm and welcoming atmosphere. Retreat to the spacious primary bedroom with a generouswalk-in closet and luxurious 5-piece ensuite featuring a relaxing soaker tub and separate walk-in shower. A second well-sized bedroom, full 4-piece bathroom, and convenient main floor laundry complete this level. The fully finished lower level offers exceptional additional living space with a large recreation room, two generous bedrooms, amodern 3-piece bathroom, and an oversized utility/storage room. Step outside to enjoy the fully fenced backyard, designed for entertaining and relaxation with a covered porch, two-tier deck, and cozy fire pit area. The insulated and heated double-car garage provides year-round comfort and functionality. Ideally located in a family-friendly neighbourhood within walking distance to schools, parks, shopping, and everyday amenities. Recent updates include furnace and air conditioner (2024), front door (2023), eavestroughs (2023), Celebright Permanent Eave lighting installed (2023), patio door (2020), and roof shingles (2009). This exceptional home offers the perfect combination of comfort, style, and location, a wonderful place to call home.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Fenced Yard, School
Interior Features
Auto Garage Door Remote, Bar Fridge, Central Vacuum, Storage
Security Features
Alarm System
Community Features
Location
Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 8 Settlement Lane, Russell, ON K4R 0A4
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About Purchasing a Home in Russell, ON
For a property listed at $760,000 in Russell, the legal minimum down payment is $51,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $11,675 for this transaction. As this listing is in Russell (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $11,675.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.