188 Elaine Avenue
Smooth Rock Falls, ON
- 5 bed
- 2 bath
- approx. 1100-1500 sqft
- Detached
Versatile Investment Opportunity on a Corner Lot! This 5-bedroom, 2-bathroom home offers a flexible layout with 3 bedrooms and 1 bathroom on the main floor, plus 2 bedrooms, 1 bathroom, and a second kitchen in the lower level. Both the main level and basement level each have its own exterior entrance, with the interior connection between the two spaces separated by a pocket door, offering added flexibility and privacy. The setup provides an excellent opportunity for investors, multi-generational living, or buyers looking to generate rental income while occupying one level themselves. The lower level is partially finished, allowing the new owner to complete the space and customize it to their needs. Outside, the property offers generous parking and a large carport, providing convenient covered parking throughout the winter months. Located on a quiet street and desirable corner lot, this property offers plenty of space and flexibility for its next owner. A great opportunity to create a property that works for your lifestyle while adding income potential.
Listing Details
- Taxes (2026)
- $2,325
- Listed
- September 1, 2026
Price History
Property
- Style
- Bungalow
- Age
- 51-99
- Construction
- Vinyl Siding
- Roof
- Metal
- Foundation
- Unknown
- Interior
- None
- Lot Size
- 73 x 98 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 6
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Art Street
- Zoning
- R1
- Parcel Number
- 651970543
- Possession
- Immediate
- Occupancy
- Vacant
Included
- Inclusions
- All Furniture left in home.
- Exclusions
- Utility Trailer in driveway
Schools
Elementary
- École catholique Georges-Vanier0.2 km
French Catholic · CSDC des Grandes Rivières · 65 students
- Smooth Rock Falls Public School1 km
Public · DSB Ontario North East
Secondary
- École secondaire catholique Georges-Vanier0.3 km
French Catholic · CSDC des Grandes Rivières
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board.
Community
Postal area P0L
- Population
- 22,859
- Private dwellings
- 10,591
- Median age
- 42
- Average household size
- 2.5
- Median household income
- $77,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Smooth Rock Falls · last 12 months
- Median sold price
- $147,000
- Homes sold
- 26
- Median days on market
- 42
- Sale-to-list price
- 96.7%
Based on 26 recorded sales of residential freehold properties in Smooth Rock Falls over the last 12 months.
Rooms
4-piece on Main, 3-piece on Lower
Main
- Bathroom9' x 9'
- Bedroom 211'6" x 11'
- Bedroom 311'6" x 11'
- Kitchen17' x 15'
- Living Room15' x 14'6"
- Primary Bedroom12'6" x 11'6"
Basement
- Bathroom9' x 6'
- Bedroom 414' x 11'
- Bedroom 514' x 11'
- Kitchen19' x 10'6"
- Recreation28' x 16'
Listed by
REVEL REALTY INC.
Walk Score
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Location
Street View
Mortgage Calculator
$33,980
Estimated Monthly Payment
$835
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $835/mo (20% down, 5.5%)
Taxes: $194/mo · Insurance: $42/mo
Estimates only. Consult a financial advisor.
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