40 RUSSELL Street, Smiths Falls, ON

$325,000
MLS#:X9444416
0 beds
0 baths
4.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable [] duplex located in the coveted neighborhood of 901 - Smiths Falls. Expertly crafted featuring premium brick and brick construction, this residence presents an exceptional opportunity offered at $325,000 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.

  • 0 Bedrooms and 0 Bathrooms
  • Premium 55.28 x 120.88 ft lot size
  • Features a ["unfinished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient detached configuration
  • equipped with ["none"] central cooling and highly efficient forced air heating via gas

What a solid Brick duplex. Property can use some updating although there are two newer gas furnaces. One for each unit. This property is oversized and may be able to be subdivided in the future. Check with the city. This was once a single family home and could be converted back. There is a tenant in the upper unit who is paying $900 per month plus utilities. The main floor is vacant and could be rented at market rent or is great for an owner occupied unit. With the rent upstairs it would cover over $100,000 of the mortgage so it is like buying a property for $225,000. as far as cash out of pocket per month if you were to occupy the main floor. Lovely yard and a two car garage that is divided so each tenant could have one half of the two car garage., Flooring: Laminate

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Key Features

0
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 9, 2024
Sold price information is available to members only
Listed Date7/9/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDuplex
ConstructionBrick, Brick
BasementUnfinished
Lot Size55.28 × 120.88
CountyLanark
Annual Tax$3,838
Legal DescriptionPT LT 354 N/S RUSSELL ST PL 13884 LANARK S SOUTH ELMSLEY AS IN RS123053 ; TOWN OF SMITHS FALLS

Parking & Garage

Parking Spaces4.0
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingNone

Features

Property Features

Interior Features

Security Features

Community Features

Location

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40 RUSSELL 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 40 RUSSELL Street W, Smiths Falls, ON K7A 1P2

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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Financial Audit

Estimated Costs

Loan Amount$260,000
Monthly Mortgage$1,511
Property Tax (Est.)$320
Utilities & Maint.$350
Total Monthly Cost$2,181

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Smiths Falls.

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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$850,000

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
Chimo
Public11 Ross Street, Smiths Falls, Ontario, K7A 4V7
3.7
St Francis de Sales
Public4 Ross Street, Smiths Falls, Ontario, K7A 4L5
2.9

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.