8 PEARL Street, Smiths Falls, ON

$234,900
MLS#:X9449442
2 beds
1 baths
1.0 parking
Residential Condo & Other
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Description

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 $234,900 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
  • Thoughtfully designed floor plan offering excellent spatial utility and privacy
  • Features a ["none", "none"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 1.0 total parking spaces available with a convenient public configuration
  • equipped with ["none"] central cooling and highly efficient baseboard heating via electric

Flooring: Tile, Flooring: Vinyl, Professionally-renovated 2 bedroom condo. The kitchen offers modern cabinets, tiled floor, backsplash, and SS appliances. Large living area with a balcony, connecting to a well-appointed dining room. Bright 2 bedrooms with ample closet space. Full bath with tiled floor, tiled tub surround, and lots of cabinet storage. New Luxury Vinyl Plank (LVP) flooring throughout. New lighting throughout. Freshly painted in neutral colors. In-unit storage room. Bell fiber inside the unit. One assigned parking spot. New laundry facility. Well-managed & maintained bldg. 3-min walk to a large shopping plaza. Close to schools and recreation. Short commute to Kanata, Perth and Brockville. Vacant for immediate possession. Very reasonable taxes, condo fees & heating cost (due to in-unit HRV + heated common areas + no hot water hydro cost), making it low-cost, low-maintenance to own rather than rent. For investors, the cap rate is 6.8% (unheard of in the current market). Not a day of vacancy in 5 yrs.

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Key Features

Bedrooms
2
Bathrooms
1
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateOctober 18, 2024
Sold price information is available to members only
Listed Date9/3/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
ConstructionBrick, Vinyl Siding
CountyLanark
Annual Tax$1,326
Legal DescriptionUNIT 7, LEVEL 2, LANARK STANDARD CONDOMINIUM PLAN NO. 12 AND ITS APPURTENANT INTEREST. THE DESCRIPTION OF THE CONDOMINIUM PROPERTY IS : PT BLK D PL 7 SOUTH ELMSLEY; BLK E PL 7 SOUTH ELMSLEY PTS 1 & 2, 27R8233; S/T EASEMENT OVER PT 2, 27R8233 IN FAVOUR OF BELL CANADA; AS MORE FULLY SET OUT IN SCHEDULE "A" OF DECLARATION & DESCRIPTION LC4496 TOWN OF SMITHS FALLS

Parking & Garage

Parking Spaces1.0
Garage TypePublic

Heating & Cooling

Heat SourceElectric
Heat TypeBaseboard
Cooling["None"]

Features

Property Features

Park, Major Highway, School Bus Route

Community Features

Location

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8 PEARL 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 8 PEARL Street 206, 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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Financial Audit

Estimated Costs

Loan Amount$187,920
Monthly Mortgage$1,092
Property Tax (Est.)$111
Utilities & Maint.$350
Total Monthly Cost$1,553

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Smiths Falls.

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$850,000

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
Chimo
Public11 Ross Street, Smiths Falls, Ontario, K7A 4V7
3.7
St Francis de Sales
Public4 Ross Street, Smiths Falls, Ontario, K7A 4L5
2.9

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.