246 LERA Street, Smiths Falls, ON

$1,200,000
MLS#:X10427296
4 beds
4 baths
3000-3500 sqft
6.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of 901 - Smiths Falls. Expertly crafted featuring premium stone and other construction, this residence presents an exceptional opportunity offered at $1,200,000 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 4 Bathrooms with 2 functional kitchens
  • Generous living space spanning 3000-3500 sqft on a premium 57 x 126 ft lot
  • Features a full, finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Air Exchanger
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Step into luxury with this custom-built, high-tech smart home spanning over 5,000 sqft across three levels of elegant living space. Designed to impress, this grand 4-bedroom, 4-bathroom residence boasts the finest details from rich mahogany hardwood floors to porcelain & ceramic tile. An entertainer's dream, this home features three stunning stone fireplaces, soaring vaulted ceilings, & a state-of-the-art kitchen equipped with smart appliances and custom cabinetry topped with granite countertops. The entire home is wired with a premium sound system allowing you to enjoy music or immersive sound in every room. The fully finished walkout basement offers additional luxury amenities, including a home theater with a built-in bar, ideal for hosting movie nights & a professional-grade gym designed for fitness enthusiasts. Step outside to a covered patio & enjoy outdoor living in any season. Perfectly designed for a lifestyle of premium finishes & advanced technology, this is more than a home.

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Property Summary

This detached home located at 246 LERA Street, Smiths Falls is currently for sale and has been available on SousaSells for 610 days. This property is listed at $1,200,000 with an estimated mortgage of $3,994* per month. It has 4 beds, 4 bathrooms, and is 3000-3500 square feet. 246 LERA Street, Smiths Falls is in the 901 - Smiths Falls neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
4
Bathrooms
4
Kitchens
2
Living Area
3000-3500 sqft
Property Type
Residential Freehold

Additional Details

StatusTerminated
Listed Date11/15/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionStone, Other
BasementFull, Finished
Lot Size57 × 126 Feet
CountyLanark
Annual Tax$9,800
Legal DescriptionLT 23 PL 21548 LANARK S SOUTH ELMSLEY; TOWN OF SMITH FALLS

Parking & Garage

Parking Total6.0
Parking Space4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Golf, Cul de Sac/Dead End, Fenced Yard

Interior Features

Air Exchanger

Security Features

Unknown

Community Features

Virtual Tours

Location

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246 LERA Street, Smiths Falls, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 246 LERA Street, Smiths Falls, ON K7A 5M3

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Smiths Falls.

Configure Loan Settings

Interest Rate4.00%
Down Payment$360,000 (30.0%)
* Minimum Canadian down payment required for this price is $240,000.
Amortization Period30 Years
Estimated Monthly Payment$3,994Based on a loan of $840,000 over 30 years.
Purchase Price$1,200,000
Loan Amount$840,000
Provincial Land Transfer Tax:$20,475
Total Estimated Closing Taxes:$20,475

About Purchasing a Home in Smiths Falls, ON

For a property listed at $1,200,000 in Smiths Falls, the legal minimum down payment is $240,000 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 $20,475 for this transaction. As this listing is in Smiths Falls (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $20,475.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 901 - Smiths Falls, Smiths Falls.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$463,581

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Duncan J Schoular
Public41 McGill Street South, Smiths Falls, Ontario, K7A 3M9
2.6
St Francis de Sales
Public4 Ross Street, Smiths Falls, Ontario, K7A 4L5
2.9
Chimo
Public11 Ross Street, Smiths Falls, Ontario, K7A 4V7
3.7

Secondary Schools

St. Luke Catholic
Catholic5 Catherine Street, Smiths Falls, Ontario, K7A 3Z9
0.9
Smiths Falls
Public10 Ontario Street, Smiths Falls, Ontario, K7A 4P9
3.7

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.