8 Pearl Street, Unit 3, Smiths Falls, ON

$229,900
MLS#:X12202266
2 beds
1 baths
900-999 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 and vinyl siding construction, this residence presents an exceptional opportunity offered at $229,900 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 900-999 sqft
  • 1.0 total parking spaces available
  • Notable attributes: Air Exchanger, Storage
  • equipped with other central cooling and highly efficient baseboard heating via electric

Description

JUST REDUCED $10,000.00!...WHY RENT?... WHEN YOU CAN BUY THIS BEAUTIFUL, COMPLETELY RENOVATED 2 BEDROOM, 2ND FLOOR SUITE LOCATED IN A LOW RISE CONDO COMPLEX. THIS IS A VERY CLEAN, QUIET AND WELL MAINTAINED BUILDING. LOCATED IN A GREAT AREA NEAR SHOPPING, SCHOOLS, RECREATION, DOWNTOWN & THE RIVER. THIS APARTMENT HAS A SPACIOUS, OPEN AIR COVERED BALCONY, A STORAGE ROOM IN SUITE. 3 ROOM AIRCONDITIONERS INCLUDED IN THE SALE. ONE PARKING SPACE IS ALSO INCLUDED (MORE ARE AVAILABLE FOR APPROX. $50 PER MONTH), SHARED PAY PER LOAD LAUNDRY IN BUILDING. LOW CONDO FEES, HEATING COSTS, HOT WATER IS PROVIDED BY A CENTRAL WATER HEATING SYSTEM. VERY ECONOMICAL CONDO OWNERSHIP. PLEASE NOTE THAT THE PROPERTY IS CURRENTLY TENANTED AND CAN BE ASSUMED. VACANT POSSESSION IS AVAILABLE. GREAT TENANTS ARE CURRENTLY PAYING $1700 PLUS HYDRO. PLEASE CONTACT AGENT FOR DETAILS. THIS PROPERTY IS PRICED TO SELL!

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Property Summary

This condo apartment located at 8 Pearl Street, Smiths Falls is currently for sale and has been available on SousaSells for 401 days. This property is listed at $229,900 with an estimated mortgage of $765* per month. It has 2 beds, 1 bathroom, and is 900-999 square feet. 8 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
900-999 sqft
Property Type
Residential Condo & Other

Additional Details

StatusTerminated
Listed Date6/6/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionBrick, Vinyl Siding
BasementNone
CountyLanark
Annual Tax$1,325

Parking & Garage

Parking Spaces1.0
Garage Spaces1
Garage TypeNone

Heating & Cooling

Heat SourceElectric
Heat TypeBaseboard
CoolingOther

Features

Property Features

Hospital, School, Place Of Worship, Golf

Interior Features

Air Exchanger, Storage

Security Features

Community Features

Location

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8 Pearl Street, Unit 3, 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 8 Pearl Street 201, 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.

Market Trend
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Mortgage & Affordability Audit

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

Configure Loan Settings

Interest Rate4.00%
Down Payment$68,970 (30.0%)
* Minimum Canadian down payment required for this price is $11,495.
Amortization Period30 Years
Estimated Monthly Payment$765Based on a loan of $160,930 over 30 years.
Purchase Price$229,900
Loan Amount$160,930
Provincial Land Transfer Tax:$2,024
Total Estimated Closing Taxes:$2,024

About Purchasing a Home in Smiths Falls, ON

For a property listed at $229,900 in Smiths Falls, the legal minimum down payment is $11,495 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 $2,024 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 $2,024.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$463,716

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.