61 Russell Street, Smiths Falls, ON
Property Highlights
Welcome to this remarkable 2 1/2 Storey detached located in the coveted neighborhood of 901 - Smiths Falls. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $539,000 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.
- 5 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 45 x 187 ft lot
- Features a exposed rock, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 7.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Storage
- equipped with wall unit(s) central cooling and highly efficient water heating via gas
Description
Welcome to an architecturally distinguished home proudly owned by the same family since constructed and featured in Doors Open Ontario. Set on a stunning double lot, this home has been extensively renovated including updated wiring, plumbing, insulation, heating, A/C, roof and windows (replaced or restored). The main house boasts a custom cherry wood kitchen, fireplaces, exquisite mahogany woodwork and includes a security system, SS Fridge, gas stove, OTR microwave, D/W, front-load W/D central vac and more. The walk-up attic is ideal for storage or can be finished for more living space. The rear section of the house is currently a two-bedroom income suite ($924.42/mo all inclusive) that can be easily returned to a main floor family room, bathroom and laundry room or a private master bedroom ensuite. It includes a security system, fridge, stove and front-load W/D. Other property features include a home office with balcony, hardwood/marble/slate flooring, attached garages and a detached garden shed.
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Property Summary
This detached home located at 61 Russell Street, Smiths Falls is currently for sale and has been available on SousaSells for 452 days. This property is listed at $539,000 with an estimated mortgage of $1,794* per month. It has 5 beds, 2 bathrooms, and is 2000-2500 square feet. 61 Russell 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
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 61 Russell Street E, Smiths Falls, ON K7A 1G3
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 Smiths Falls, ON
For a property listed at $539,000 in Smiths Falls, the legal minimum down payment is $28,900 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 $7,255 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 $7,255.
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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.