71 Russell Street
Smiths Falls, ON
- 4 bed
- 2 bath
- approx. 2000-2500 sqft
- Duplex
71 Russell Street East offers a flexible opportunity for investors and owner-occupants alike. Whether you're looking to add to your portfolio, purchase your first income property, or explore the possibility of living in one unit while benefiting from rental income from the other, this duplex offers both flexibility and future potential. The property features two 2-bedroom, 1-bath units with existing tenants already in place, making it well suited to continued investment use while also presenting future owner-occupancy possibilities. Buyers entering the market may appreciate the opportunity to combine homeownership with income generation in one property. Recent updates provide added peace of mind, including a new roof completed in 2019 with 40-year shingles, along with two gas furnaces updated in 2017 and 2024. The property also offers ample tenant storage space and parking for three vehicles. Conveniently located close to schools, shopping, and everyday amenities, 71 Russell Street East presents an opportunity to step into the market with flexibility already built in, whether your goals are investment, homeownership, or a combination of both.
Listing Details
- Taxes (2025)
- $3,531
- Originally Listed
- $484,900
- Listed
- April 14, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Interior
- Separate Heating Controls, Separate Hydro Meter
- Lot Size
- 61.5 x 121.9 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 3
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Thom St
- Parcel Number
- 052700129
- Possession
- Immediate
- Occupancy
- Tenant
Included
- Inclusions
- 2- refrigerators, 2- stoves, lawnmower
- Exclusions
- Tenant belongings
- Rental Items
- HWT heaters (2)
Schools
Secondary
- St. James Catholic Education Centre High School0.2 km
Catholic · CDSB of Eastern Ontario
- St. Luke Catholic High School1.8 km
Catholic · CDSB of Eastern Ontario · 110 students
Grade 10 literacy: 19% met the provincial standard
- Smiths Falls District Collegiate Institute1.9 km
Public · Upper Canada DSB · 700 students
Grade 10 literacy: 79% met the provincial standard
Elementary
- St Francis de Sales Separate School0.2 km
Catholic · CDSB of Eastern Ontario · 430 students
Grade 3 reading: 61% met the provincial standard · Grade 6 math: 31% met the provincial standard
- Duncan J Schoular Public School0.6 km
Public · Upper Canada DSB · 380 students
Grade 3 reading: 50% met the provincial standard · Grade 6 math: 15% met the provincial standard
- Chimo Elementary School1.8 km
Public · Upper Canada DSB · 395 students
Grade 3 reading: 82% met the provincial standard · Grade 6 math: 54% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K7A
- Population
- 17,575
- Private dwellings
- 7,814
- Median age
- 46.8
- Average household size
- 2.3
- Median household income
- $74,500
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 Smiths Falls · last 12 months
- Median sold price
- $379,950
- Homes sold
- 154
- Median days on market
- 40
- Sale-to-list price
- 96.5%
Based on 154 recorded sales of residential freehold properties in Smiths Falls over the last 12 months.
Listed by
SUTTON ESSENTIAL REALTY
Walk Score
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Location
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Mortgage Calculator
$85,000
Estimated Monthly Payment
$2,088
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: $2,088/mo (20% down, 5.5%)
Taxes: $294/mo · Insurance: $106/mo
Estimates only. Consult a financial advisor.
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Reita is an automated assistant, not a licensed real estate agent. This listing mentions Whether you're looking to add to your portfolio, purchase your first income property, or explore the possibility of living in one unit while benefiting from rental income from the other, this duplex offers both flexibility and future potential.. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?