16 Settlement Lane, Russell, ON
Property no longer active
This property was sold on October 20, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of 601 - Village of Russell. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $715,000 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.
- 3 Bedrooms and 3 Bathrooms
- Generous living space spanning 2000-2500 sqft on a premium 50.2 x 109.57 ft lot
- Features a 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: ERV/HRV, Auto Garage Door Remote
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to your dream home nestled in the heart of Russell's mature and highly desirable subdivision Russell Trails. This thoughtfully designed 2-storey detached home offers a perfect blend of comfort, functionality, and location, making it ideal for families, downsizers seeking main floor living, or anyone looking to enjoy the charm of small-town life with easy access to nature and amenities. Step inside to discover 3 spacious bedrooms, including a main floor primary retreat that features his and her walk-in closets and a luxurious 5-piece ensuite with double vanity, soaker tub, and separate shower. Upstairs, two generously sized bedrooms are connected by a well-appointed 5-piece Jack & Jill bathroom, ideal for kids or guests. A bonus loft area provides the perfect space for a home office, reading nook, or play zone. The main living area is open, bright, and incredibly welcoming, centered around a cozy fireplace and a built-in stationary desk perfect for remote work or homework time. The layout flows seamlessly into the dining room and kitchen, which offers direct access to one of two rear decks ideal for entertaining, BBQs, or simply enjoying your private fenced yard. The second deck offers exclusive access from the primary suite, creating a peaceful outdoor escape. The finished basement expands your living space with a large rec room, the potential to add a fourth bedroom, and rough-in plumbing for a future bathroom giving you flexibility to grow with your needs. Located steps from the 10 km New York Central Fitness Trail, several schools and beautiful parks, this home delivers the perfect blend of convenience, community, and comfort. Don't miss this exceptional opportunity to own a home that checks all the boxes!
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Property Summary
This detached home located at 16 Settlement Lane, Russell is currently for sale and has been available on SousaSells for 308 days. This property is listed at $715,000 with an estimated mortgage of $2,380* per month. It has 3 beds, 3 bathrooms, and is 2000-2500 square feet. 16 Settlement Lane, Russell is in the 601 - Village of Russell neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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ERV/HRV, Auto Garage Door Remote
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 16 Settlement Lane, Russell, ON K4R 0A4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Russell, ON
For a property listed at $715,000 in Russell, the legal minimum down payment is $46,500 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 $10,775 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 $10,775.
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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.