48 Elmsley St S is a 5-bedroom, 2-bathroom duplex in Smiths Falls, listed for $599,900. It has 3000-3500 sq ft of living space.
1Looking for a great investment property then this is the one for you.
2Both units are spacious and have access to an oversized backyard that provides plenty of green space where tenants can relax and enjoy summer evenings.
3The property is centrally located and within walking distance to local parks, the downtown core, area and hospital.
Looking for a great investment property then this is the one for you. This 2 unit property offers a 3 bedroom, 1 bath unit at the front of the building and a 2 bedroom, 1 bath unit at the back of the building. Both units are spacious and have access to an oversized backyard that provides plenty of green space where tenants can relax and enjoy summer evenings. The property is centrally located and within walking distance to local parks, the downtown core, area and hospital. There have been a number of updates over the years which include: two furnaces, approximately 10 years old. One gas hot water tank, approximately 10 years old, owned. Roof shingles: approximately 10 years old. Windows: approximately 10 years old. Unit A pays $1125.00 per month with water/sewer, heat & hydro included. Unit B pays $1050.00 with water/sewer, heat & hydro included. The pictures are of the 2 bedroom.
5 bedrooms, 2 bathrooms, about 3,000 sq ft, works out to roughly $200 per square foot. Chat with Zara if you'd like a deeper read on whether this duplex fits your budget and timing.
Inside 48 Elmsley St S
Every detail from the listing, in one place.
Type
Duplex
Style
2-Storey
Living space
3000-3500 sq ftas stated on the listing
Parking
2 spaces
Basement
Unfinished
Features & systems
Parking & garage
Parking spaces
2
Interior
Basement
Unfinished
Lot & land
Lot size (sqft)
0.26
Listing & possession
Property style
2-Storey
Property class
Duplex
48 Elmsley St S Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13723672$599,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 48 Elmsley St S Compares to the Smiths Falls Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,947
/mo
based on the purchase price of $599,900
$119,980 cash
$479,920 financed
$404,219 total interest
Principal54%$479,920
Interest46%$404,219
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Smiths Falls
Other 4–7 bed homes for sale in Smiths Falls around $600K.
Average days on market54Homes sold in about 54 days on average.
Sale-to-list ratio96.5%On average, homes sold below asking.
Active listings90Homes for sale here right now.
Median vs prior 90 days−9.9%Compared with Apr 25 – Jul 24, 2026: prices down.
Based on 60 sales from Jul 24 – Oct 22, 2026 (49 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 48 Elmsley St S
How much is 48 Elmsley St S listed for?
48 Elmsley St S is listed at $599,900 (MLS® X13723672). Summitly updates the price as soon as the MLS® record changes.
Is $599,900 a good price for 48 Elmsley St S?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Smiths Falls. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 48 Elmsley St S changed?
No — 48 Elmsley St S is still listed at its original asking price of $599,900.
How many bedrooms and bathrooms does 48 Elmsley St S have?
48 Elmsley St S has 5 bedrooms and 2 bathrooms, with about 3,000–3,500 square feet of living space. It is a duplex in Smiths Falls.
How much would the monthly mortgage be on 48 Elmsley St S?
About $2,947 a month — principal and interest on $599,900 with 20% down ($119,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 48 Elmsley St S compare with other homes in Smiths Falls?
Its asking price of $599,900 is about 64% above the median sold price in Smiths Falls over the last 90 days, $364,950, across 60 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 48 Elmsley St S been sold before?
Summitly has no earlier MLS® sale or lease of 48 Elmsley St S on record from the last two years. Older records aren't shown under TRREB rules.
Where is 48 Elmsley St S?
48 Elmsley St S is in Smiths Falls, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 48 Elmsley St S been on the market?
55 days — 48 Elmsley St S was listed on August 28, 2026.
What is the price per square foot of 48 Elmsley St S?
About $171 to $200 per square foot: the asking price of $599,900 over the 3,000–3,500 sq ft the listing gives as its size range.
Does 48 Elmsley St S have parking or a garage?
Yes — the listing gives 2 parking spaces.
Does 48 Elmsley St S have a basement, and is it finished?
The listing describes the basement as: Unfinished.
