Updated brick bungalow with large lot near downtown Smiths Falls

Property details for 107 Lorne Street, Smiths Falls

Type: Residential
Style: Bungalow
Bedrooms: 3
Bathrooms: 1
Lot Size: 59.7 x 136.8 FT
Stories: 1
Basement: Unfinished, N/A
Parking: Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick, Vinyl siding
Ownership: Freehold
Annual Taxes: $2,650

Just a short drive from the heart of Smiths Falls, this 3-bed, 1-bath bungalow sits on a 60-by-137-foot lot. It's got a brick and vinyl exterior with a newer oversized front door. Inside, the living room has a bay window. Kitchen space includes an eat-in counter and connects to a dining area that opens to the backyard. There's one 4-piece bathroom. Basement is unfinished with a laundry area. A car-and-a-half garage has a ramp into the house. Fully fenced yard comes with two sheds, some fruit trees, and berry bushes. Recent updates include the roof (2022), windows and doors (2024), and a new AC unit (2025). Furnace is about 20 years old. You're about 1.4 km from Chuckles Jack restaurant and the Giant Tiger store. Rideau Canal Museum is 1.6 km away. Listed at $524,900 with annual taxes around $2,650.

About 107 Lorne Street, Smiths Falls — Property Score

Feature Rich

Score: 65/100

Value

Priced 5% above area median of $499,900 based on 27 comparable properties nearby 63

Stable pricing - no price changes since original listing date 50

Size

3 bedrooms - typical for similarly priced homes 60

1 bathroom - 1 fewer than similarly priced properties nearby 48

8,167 sqft lot - a generous lot for the area 78

Location

$55K median household income - below the Canadian average of $70K 58

71% of residents hold postsecondary credentials - a highly educated neighbourhood 81

84% homeownership rate - indicating a stable, owner-occupied community 89

73% of residents commute under 30 minutes - excellent commuter accessibility 88

75/km² population density - a rural or semi-rural setting 55

Market

Just listed - area average is 35 days on market 100

-42.9% median price change over 1 month - declining prices in the area 1

2.4 months of housing supply - 12 active listings with 5 sold last month (seller's market) 75

Features

4-car garage - area average is 4.8 spots 95

Unfinished, N/A basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

No premium extras like pool, waterfront, or view 50

Investment

0.5% effective tax rate ($2,650/yr) - very low tax burden 85

18% renter population - primarily owner-occupied area 52

Quality

Condition

Listing

34 photos provided - below the area average of 39 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.