8 PEARL Street, Unit 205, Smiths Falls, ON
Property no longer active
This property was sold on May 21, 2025. This listing is for reference purposes only. to view the sold price.
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 $239,900 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 with a convenient surface configuration
- Notable attributes: ERV/HRV
- Efficient baseboard heating via electric
Description
This large 2 bedroom condo (~900 sq ft) has just been professionally renovated by a reputable builder. The kitchen offers modern cabinets, tiled floor, backsplash and brand new stainless steel appliances. The large living area connects to a balcony and to a well-appointed dining room with chandelier. The two bedrooms are bright and have ample closet space. The full bath has a soaker tub with tiled tub surround, tiled floor, a large vanity with many drawers, modern lighting, and a handy medicine cabinet. New Luxury Vinyl Plank (LVP) flooring throughout the living area. The condo is carpet free. New LED lighting throughout. Freshly painted in neutral colors. Large in-unit storage room included. Bell fiber inside the condo (fibre to the unit, not just to the building). One assigned parking spot included. New laundry facility on the ground floor. Very well-managed and maintained building. Condo fees will be REDUCED in 2025 - thats how well-managed and stable this corporation is. Three-minute walk to a large shopping plaza. Close to schools and recreation. Short commute to Kanata, Perth & Brockville. The condo is professionally cleaned and vacant for easy showing and immediate closing. Very low taxes and condo fees. Heating cost is very low due to an in-unit HRV + heated common areas (included in the condo fees) + no hot water hydro cost (central water heating), making it a low-cost, low-maintenance condo to own. For investors, the cap rate is 6.7% (unheard of in the current market). Not a day of vacancy in 5 yrs.
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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 589 days. This property is listed at $239,900 with an estimated mortgage of $799* 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
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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 205, Smiths Falls, ON K7A 5B5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Smiths Falls, ON
For a property listed at $239,900 in Smiths Falls, the legal minimum down payment is $11,995 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 $2,124 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 $2,124.
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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.