How much is 485 Falcon Lane listed for?

485 Falcon Lane is listed at $605,221 (MLS® X12899464). Summitly updates the price as soon as the MLS® record changes.

Is $605,221 a good price for 485 Falcon Lane?

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.

Has the price of 485 Falcon Lane changed?

Yes — it was first listed at $644,900 and is now $605,221, a drop of $39,679 (6.2%).

How many bedrooms and bathrooms does 485 Falcon Lane have?

485 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.

How much would the monthly mortgage be on 485 Falcon Lane?

About $2,973 a month — principal and interest on $605,221 with 20% down ($121,044), 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 485 Falcon Lane compare with other homes in Russell?

Its asking price of $605,221 is about 4% 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.

Has 485 Falcon Lane been sold before?

Summitly has no earlier MLS® sale or lease of 485 Falcon Lane on record from the last two years. Older records aren't shown under TRREB rules.

Where is 485 Falcon Lane?

485 Falcon Lane is in Russell, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 485 Falcon Lane been on the market?

216 days — 485 Falcon Lane was listed on March 19, 2026.

What is the price per square foot of 485 Falcon Lane?

About $303 to $403 per square foot: the asking price of $605,221 over the 1,500–2,000 sq ft the listing gives as its size range.

Does 485 Falcon Lane have parking or a garage?

Yes — the listing gives 4 parking spaces. Garage: Yes.

Does 485 Falcon Lane have a basement, and is it finished?

The listing describes the basement as: Full, Unfinished.

For saleExcellent Deal

DetachedOn market 216 daysPrice drop · $39,679 off (-6.2%)

485 Falcon Lane, Russell

Name: 485 Falcon Lane
SKU: X12899464
Price: 605221 CAD
Availability: InStock

Russell, ON · · MLS® X12899464Updated October 20, 2026

$605,221Est. $2,973/mo mortgage

Bedrooms: 3
Bathrooms: 2
Living space: 1500–2000sq ft
Parking spaces: 4

Type Detached
Garage Yes
Basement Full, Unfinished

What you should know

485 Falcon Lane is a 3-bedroom, 2-bathroom detached home in Russell, listed for $605,221. It has 1500-2000 sq ft of living space.

This Foxglove model, single family home with attached double car garage at ta reasonable price!
This home features an open concept main level filled with natural light, exquisite kitchen with walk-in pantry and large center island.
The second level is just as beautiful with its 3 generously sized bedrooms, modern family washroom, second floor laundry facility and to complete a massive 3piece master Ensuite with large integrated walk-in closet.

Ask Zara:

3 Bed, 2 Bath Detached Home in Russell

About 485 Falcon Lane

** Price reflects HST rebate credits for qualifying buyers; subject to eligibility. **TO BE BUILT - July 2027. This Foxglove model, single family home with attached double car garage at ta reasonable price! This home features an open concept main level filled with natural light, exquisite kitchen with walk-in pantry and large center island. The second level is just as beautiful with its 3 generously sized bedrooms, modern family washroom, second floor laundry facility and to complete a massive 3piece 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 $403 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.

Inside 485 Falcon Lane

Every detail from the listing, in one place.

Type: Detached
Style: 2-Storey
Living space: 1500-2000 sq ftas stated on the listing
Parking: 4 spacesYes garage
Basement: Full, Unfinished

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 4

Interior

Basement: Full · Unfinished

Lot & land

Lot size (sqft): 0.091

Listing & possession

Property style: 2-Storey
Property class: Detached

485 Falcon Lane Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

—ReducedPrice reducedThis listingMLS® X12899464−$39,679 (6.2%)$605,221
Mar 19, 2026For saleListedThis listingMLS® X12899464$644,900

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 485 Falcon Lane Compares to the Russell Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Excellent Deal· based on 206 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Russell market, last 90 days

Median sold price: $630,000
Average sold price: $652,034
Average days on market: 53
Homes sold: 122

Closed sales on the TRREB MLS®.

Full Russell market report

Recently sold nearby in Russell

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This home485 Falcon Lane 3 bd · 2 ba · 1,500 sqft	$605,221asking	$403	—	—
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

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

Living in Russell: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

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How long is your commute?

From 485 Falcon Lane. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 485 Falcon Lane

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $2,973; 20% down · 25 years · 5.5% assumed
Property tax: $333; 0.66% mill rate · ON
Total per month: $3,306; Before utilities, insurance and fees

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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Monthly cost

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Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$2,973

/mo

based on the purchase price of $605,221

Down payment20%

$121,044 cash

Amortization25 yr

$484,177 financed

Rate5.50%

$407,804 total interest

Principal54%$484,177

Interest46%$407,804

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

Want rate-drop alerts and a saved shortlist?

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.

For homeowners nearby

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Listing brokerage: REMAX BOARDWALK REALTY, BrokerageMLS® X12899464 · Listing data last updated October 20, 2026

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.

For sale· listed Mar 18· $403/sq ft

Estimated monthly mortgage$2,973/moMortgage only · 20% down · 5.5% assumed

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5.0 · Google rating for Coldwell Banker Summit Realty, Brokerage · as of September 2026

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485 Falcon Lane, Russell

What you should know