40 Pearl Street, Unit 316, Smiths Falls, ON

$325,000
MLS#:X13551086
2 beds
1 baths
800-899 sqft
1.0 parking
Residential Condo & Other
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Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of 901 - Smiths Falls. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $325,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 1 Bathroom
  • Generous living space spanning 800-899 sqft
  • 1.0 total parking spaces available
  • Notable attributes: Water Heater Owned
  • equipped with central air central cooling and highly efficient forced air heating via electric

Description

Set within one of Smiths Falls' most inviting and beautifully maintained condominium buildings, this bright two-bedroom suite offers a spacious, well-designed layout and a refreshingly easy way of living. The main living area is open, airy, and comfortably sized, with room to gather, entertain, dine, and relax without compromise. A charming Juliette balcony adds a lovely connection to the outdoors, while large windows fill the space with natural light. The kitchen is finished with stone countertops and brand-new stainless steel appliances, with matching stone counters continuing into the full bathroom. Both bedrooms are generous in size, including a spacious primary bedroom with an exceptional walk-in closet. The second bedroom, complete with its own closet, is equally well suited as a guest room, office, or flexible living space. The suite is entirely carpet-free and also features air conditioning and in-unit laundry hookups. Beyond the suite itself, the building is modern, exceptionally well cared for, and genuinely welcoming, with a strong sense of community throughout. Residents enjoy access to a library, common room, fitness area, outdoor patio, beautiful gardens, and a walking path around the property, with green space beyond adding to the peaceful setting. With condo fees of approximately $300 per month, this 30+ building offers an appealing combination of space, comfort, amenities, and value in a setting that feels both polished and easy to call home.

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Property Summary

This condo apartment located at 40 Pearl Street, Smiths Falls is currently for sale and has been available on SousaSells for 5 days. This property is listed at $325,000 with an estimated mortgage of $1,082* per month. It has 2 beds, 1 bathroom, and is 800-899 square feet. 40 Pearl Street, Smiths Falls is in the 901 - Smiths Falls neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
800-899 sqft
Property Type
Residential Condo & Other

Additional Details

StatusActive
Listed Date7/10/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionBrick
BasementNone
CountyLanark
Annual Tax$3,212.48

Parking & Garage

Parking Spaces1.0
Garage Spaces1
Garage TypeNone

Heating & Cooling

Heat SourceElectric
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Water Heater Owned

Security Features

Community Features

Virtual Tours

Location

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40 Pearl Street, Unit 316, Smiths Falls, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 40 Pearl Street Unit #316, Smiths Falls, ON K7A 5B5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Smiths Falls.

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Interest Rate4.00%
Down Payment$97,500 (30.0%)
* Minimum Canadian down payment required for this price is $16,250.
Amortization Period30 Years
Estimated Monthly Payment$1,082Based on a loan of $227,500 over 30 years.
Purchase Price$325,000
Loan Amount$227,500
Provincial Land Transfer Tax:$3,350
Total Estimated Closing Taxes:$3,350

About Purchasing a Home in Smiths Falls, ON

For a property listed at $325,000 in Smiths Falls, the legal minimum down payment is $16,250 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $3,350 for this transaction. As this listing is in Smiths Falls (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $3,350.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 901 - Smiths Falls, Smiths Falls.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$463,581

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Duncan J Schoular
Public41 McGill Street South, Smiths Falls, Ontario, K7A 3M9
2.6
St Francis de Sales
Public4 Ross Street, Smiths Falls, Ontario, K7A 4L5
2.9
Chimo
Public11 Ross Street, Smiths Falls, Ontario, K7A 4V7
3.7

Secondary Schools

St. Luke Catholic
Catholic5 Catherine Street, Smiths Falls, Ontario, K7A 3Z9
0.9
Smiths Falls
Public10 Ontario Street, Smiths Falls, Ontario, K7A 4P9
3.7

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.