$539,900
352 HIGHWAY 15
Beds
3
Baths
3 full + 1 half
Sqft
—
Year
—
Type
Single Family
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Rideau Lakes. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Two complete homes, one connected life. Set on just under an acre at the edge of Smiths Falls, this updated home was made for the way families actually live, together, but with space to be separate when it counts. The main residence offers two bedrooms, 1.5 baths, and a bright vaulted kitchen and dining area with skylights, a movable island, and generous cabinetry. A south-facing picture window floods the living room with natural light through every season. The real story here is the in-law suite. Fully self-contained with its own entrance, full kitchen, living room, bright bedroom, and 4-piece bath, it's move-in ready for parents, adult kids, guests, or rental income. The two units share a stacked laundry and run efficiently on a central electric furnace (2023) and A/C (2021). And if life changes, the layout converts back to a single 3+ bedroom home without a gut job. Downstairs, the basement has served as a woodworking shop for years and stays ready for hobbies or storage. The attached double garage adds everyday utility, and a 23' x 13' outbuilding at the back of the lot is a blank canvas, ready to become your workshop, studio, or future bunkie. Big-ticket updates are already done: shingles (2024), kitchen skylights (2022), siding and windows (2020), attic insulation, and spray foam in the crawl space (2021). Whether you're building a multi-generational setup or looking for a property that pays part of its own mortgage, this one gives you options, just minutes from town. (id:65958)
- Subtype
- Single Family
- Structure
- House
- Community
- 820 - Rideau Lakes (South Elmsley) Twp
- Common interest
- Freehold
- Lot dimensions
- 105 x 417 FT
- Bedrooms
- 3 above grade
- Parking
- 12 total
- On market
- Apr 15, 2026
- Status changed
- Apr 24, 2026
- Annual tax
- $2,015.92
- Zoning
- RU & CG (Rural & General Commercial)
- Photos
- 48
- MLS#
- X13002588
- Area
- RIDEAU_LAKES
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Foundation
Lot
Community
Utilities
Cash on cash
-6.95%
Cap rate
3.47%
GRM
16.7
Break-even rent
$3,359
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.