2-4 KENT Street, Smiths Falls, ON

$249,900
MLS#:X9450553
0 beds
0 baths
4.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable duplex located in the coveted neighborhood of 901 - Smiths Falls. Expertly crafted featuring premium stucco (plaster) and other construction, this residence presents an exceptional opportunity offered at $249,900 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.

  • 0 Bedrooms and 0 Bathrooms
  • Premium 43.99 x 61.33 ft lot size
  • Features a other, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient other configuration
  • Efficient forced air heating via gas

Description

SIDE-BY-SIDE 2-UNIT WITH FORCED AIR GAS HEATING IN BOTH UNITS, IN AN ALL RESIDENTIAL AREA ON A QUIET STREET, WITH A HIGH WALKSCORE BEING CLOSE TO ALL THE AMENITIES OF THE BUSINESS SECTION,SMITHS FALLS HAS THE WORLD HERITAGE SITE RIDEAU CANAL WITH MANY WALKING TRAILS ALONG THE CANAL & ADJOINING PARK WITH MANY YEARLY FESTIVALS,2 HYDRO METERS, SMITHS FALLS IS ONLY 12 MILES FROM PERTH WHERE THE VALUE OF 2-UNIT BUILDINGS HAS SKYROCKETED,PRESENTLY 2-UNIT BUILDINGS IN SMITHS FALLS ARE VERY AFFORDABLE,TREMENDOUS UPSIDE POTENTIAL ON THE RENTAL INCOME WITH THE APTS BEING GROSSLY UNDER RENTED, THIS BUILDING WILL CATAPULT YOU INTO A NEW HEMISPHERE OF THE REAL ESTATE WORLD AS YOU BECOME A BIG-TIME CASH GENERATOR,OWNING MULTI-RESIDENTIAL REAL ESTATE IS THE BEST INVESTMENT DURING TOUGH TIMES- BUSINESSES CLOSE & COMMERCIAL REAL ESTATE DOES POORLY EXCEPT MULTI-RESIDENTIAL BECAUSE EVERYONE STILL NEEDS A PLACE TO LIVE, PROPERTY BEING SOLD 'AS IS, WHERE IS', RENTS ARE #2-$1,430, #4-$1,575, Flooring: Hardwood, Flooring: Mixed

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Property Summary

This duplex located at 2-4 KENT Street, Smiths Falls is currently for sale and has been available on SousaSells for 723 days. This property is listed at $249,900 with an estimated mortgage of $832* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 2-4 KENT 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

0
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateSeptember 11, 2024
Sold price information is available to members only
Listed Date7/20/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDuplex
ConstructionStucco (Plaster), Other
BasementOther, Unfinished
Lot Size43.99 × 61.33
CountyLanark
Annual Tax$2,795
Legal DescriptionPT LT 23 N/S KENT ST PL 13884 LANARK S MONTAGUE; PT LT 24 N/S KENT ST PL 13884 LANARK S MONTAGUE PTS 1 & 2, 27R7405; S/T RS200679 ; TOWN OF SMITHS FALLS

Parking & Garage

Parking Spaces4.0
Garage TypeOther

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingNone

Features

Property Features

Public Transit, Park

Interior Features

Security Features

Community Features

Location

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2-4 KENT Street, 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 2-4 KENT Street, Smiths Falls, ON K7A 1B4

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$74,970 (30.0%)
* Minimum Canadian down payment required for this price is $12,495.
Amortization Period30 Years
Estimated Monthly Payment$832Based on a loan of $174,930 over 30 years.
Purchase Price$249,900
Loan Amount$174,930
Provincial Land Transfer Tax:$2,224
Total Estimated Closing Taxes:$2,224

About Purchasing a Home in Smiths Falls, ON

For a property listed at $249,900 in Smiths Falls, the legal minimum down payment is $12,495 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 $2,224 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 $2,224.

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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.