Russell, ON · · MLS® X12899456Updated
$596,372Est. $2,930/mo mortgage
481 Falcon Lane is a 3-bedroom, 2-bathroom detached home in Russell, listed for $596,372. It has 1500-2000 sq ft of living space.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
** Price reflects HST rebate credits for qualifying buyers; subject to eligibility. **The Mayflower is sure to impress! The main floor consist of an open concept which included a large gourmet kitchen with walk-in pantry and central island, sun filled dinning room with easy access to the back deck, a large great room, and even a main floor office. The second level is just as beautiful with its 3 generously sized bedrooms, modern family washroom, second floor laundry facility and to complete the master piece a massive 3 piece master Ensuite with large integrated walk-in closet. The basement is unspoiled and awaits your final touches! Possibility of having the basement completed for an extra $32,500. This home is not built. Construction for July 2027. *Please note that the pictures are from the same Model but from a different home with some added upgrades.*
3 bedrooms, 2 bathrooms, about 1,500 sq ft, works out to roughly $398 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
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Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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Zara’s estimate
Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works
Closed sales on the TRREB MLS®.
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17 Blais Street
3 bd · 2 ba · Detached
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404 FALCON Lane
3 bd · 3 ba · Detached
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110 Pioneer Road
4 bd · 2 ba · Detached
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119 Centenaire Street
3 bd · 2 ba · Detached
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490 Central Park Boulevard
4 bd · 3 ba · Detached
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129 Lyon Street
4 bd · 2 ba · Detached
6 nearby sales vs. this home
Closed sales from MLS®, compared with this home's asking price.
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| Home | Sold price | $ / sqft | % of asking | Sold |
|---|---|---|---|---|
This home481 Falcon Lane 3 bd · 2 ba · 1,500 sqft | $596,372asking | $398 | — | — |
| 17 Blais Street 3 bd · 2 ba · 1,100 sqft | ||||
| 404 FALCON Lane 3 bd · 3 ba · 1,500 sqft | ||||
| 110 Pioneer Road 4 bd · 2 ba · 2,000 sqft | ||||
| 119 Centenaire Street 3 bd · 2 ba · 1,100 sqft | ||||
| 490 Central Park Boulevard 4 bd · 3 ba · 2,500 sqft | ||||
| 129 Lyon Street 4 bd · 2 ba · 1,500 sqft |
3 bd · 2 ba · 1,100 sqft
3 bd · 3 ba · 1,500 sqft
4 bd · 2 ba · 2,000 sqft
3 bd · 2 ba · 1,100 sqft
4 bd · 3 ba · 2,500 sqft
4 bd · 2 ba · 1,500 sqft
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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.
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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.
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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Listing brokerage: REMAX BOARDWALK REALTY, BrokerageMLS® X12899456 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
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.
Other 2–3 bed homes for sale in Russell around $596K.
Homes for sale in Russell
Every active Russell MLS® listing, updated all day.
Curated MLS® searches this property belongs to — same city, same shape of home.
Based on 122 sales from Jul 23 – Oct 21, 2026 (85 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
481 Falcon Lane is listed at $596,372 (MLS® X12899456). Summitly updates the price as soon as the MLS® record changes.
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Russell. 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
Yes — it was first listed at $634,900 and is now $596,372, a drop of $38,528 (6.1%).
481 Falcon Lane has 3 bedrooms and 2 bathrooms, with about 1,500–2,000 square feet of living space. It is a detached home in Russell.
About $2,930 a month — principal and interest on $596,372 with 20% down ($119,274), 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.
Its asking price of $596,372 is about 5% below the median sold price in Russell over the last 90 days, $630,000, across 122 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.
Summitly has no earlier MLS® sale or lease of 481 Falcon Lane on record from the last two years. Older records aren't shown under TRREB rules.
481 Falcon Lane is in Russell, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
216 days — 481 Falcon Lane was listed on March 19, 2026.
About $298 to $398 per square foot: the asking price of $596,372 over the 1,500–2,000 sq ft the listing gives as its size range.
Yes — the listing gives 4 parking spaces. Garage: Yes.
The listing describes the basement as: Full, Unfinished.
