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8 Settlement Lane, Russell, ON K4R 0A4

2+2 beds · 3 baths · 1 kitchen · 6+2 rooms · 8 parking spaces · 1500-2000 sq ft · Detached
$760,000
Property tax
$5,354 / year

Welcome to this beautifully maintained 2+2 bedroom bungalow in the sought-after community of Russell Trails. This Energy Star Home Offers a bright, open-concept design with hardwood flooring, this home is perfect for both everyday living and entertaining. The stunning kitchen is the heart of the home, featuring a large quartz island with breakfast bar, walk-inpantry, dedicated coffee station, and a spacious eating area complete with a built-in work station, ideal for workingfrom home or helping with homework. The inviting living room is highlighted by a beautiful floor-to-ceiling stone gasfireplace, creating a warm and welcoming atmosphere. Retreat to the spacious primary bedroom with a generouswalk-in closet and luxurious 5-piece ensuite featuring a relaxing soaker tub and separate walk-in shower. A second well-sized bedroom, full 4-piece bathroom, and convenient main floor laundry complete this level. The fully finished lower level offers exceptional additional living space with a large recreation room, two generous bedrooms, amodern 3-piece bathroom, and an oversized utility/storage room. Step outside to enjoy the fully fenced backyard, designed for entertaining and relaxation with a covered porch, two-tier deck, and cozy fire pit area. The insulated and heated double-car garage provides year-round comfort and functionality. Ideally located in a family-friendly neighbourhood within walking distance to schools, parks, shopping, and everyday amenities. Recent updates include furnace and air conditioner (2024), front door (2023), eavestroughs (2023), Celebright Permanent Eave lighting installed (2023), patio door (2020), and roof shingles (2009). This exceptional home offers the perfect combination of comfort, style, and location, a wonderful place to call home.

MLS number
X13537678
Type
Detached
Status
Active
Bedrooms
4
Bathrooms
3
Postal code
K4R 0A4
Photos
38
66days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
St. Mother Teresa Catholic School
CDSB of Eastern Ontario
Elementary582 m6.9 / 10
69% met the standard
Bhakta Prahlad Montessori SchoolElementary748 mNot reported
École élémentaire catholique Saint-Joseph (Russell)
CSDC de l'Est ontarien
Elementary731 m6.5 / 10
65% met the standard
Russell High School
Upper Canada DSB
Secondary774 m6.5 / 10
65% met the standard · 2 of 6 measures
Russell Public Public School
Upper Canada DSB
Elementary1.1 km7.3 / 10
73% met the standard
Russell Intermediate School
Upper Canada DSB
Elementary1.2 kmNot reported
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

The market around this home

Detached houses in Russell361 sales over the last five years. Too few sold in this community to chart it on its own, so this is the whole city.

Median sold priceWhat comparable homes actually sold for
$632k$700k$768k20252026this home’s asking price
$702klatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
98%99%100%20252026the asking price
98%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
-1d25d50d20252026
32dlatest quarter · hover to read any
How these are built, and what they cannot tell you

Each point is the median of the sales that closed in that quarter among detached houses in russell. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.

This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.

Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 2,352 people.

$138,000Median household income
94%Own their home
86.4%Detached houses
36.4Median age
10.3%Born outside Canada
33%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35020161 — the few blocks around this address, home to 2,352 people. It describes the area, not this property.

2,352Population
37Average age
2.8Household size
$147,200Average household income
$138,000Median household income
94%Own their home
6%Rent
2%Condominiums
10%Born outside Canada
33%University degree
$654,000Average home value
1%Low income
32%Not in the labour force
19%Never married
$30,000 to $34,999<1%
$35,000 to $39,999<1%
$40,000 to $44,9991%
$45,000 to $49,9991%
$50,000 to $59,9991%
$60,000 to $69,9993%
$70,000 to $79,9992%
$80,000 to $89,9993%
$90,000 to $99,9992%
$100,000 and over43%
$100,000 to $124,99910%
$125,000 to $149,99910%
$150,000 to $199,99914%
$200,000 and over11%

Percentages are of the 1,470 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$152,000 · minimum here is $51,000
$3,365.12per month
Borrowed before insurance$608,000
Total borrowed$608,000
Interest over 25 years at 4.5%$401,535

If you rented it out

-$3,811.28per month out of pocket
Rent$0.00
Everything it costs to hold$3,811.28
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by RE/MAX ABSOLUTE WALKER REALTY. Listing data provided by the Toronto Regional Real Estate Board.