15 days on Market

8 PEARL St #205, Smiths Falls, Ontario K7A 5B5

In the same building:
-
Condo
2
1
~900-999 sqft
$239,900
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Condo
2
1
~900-999 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$253/sqft

Est. Mortgage$1,030/mo

Maintenance fees$303/mo

Tax Amount (2024)$1,326/yr

Days On Market15 days


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.


Property Details

StyleApartment
View-
Age of property-
SqFt~900-999 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberX11885279
Community NameSmiths Falls
Data SourceTRREB
Listing byPOWER MARKETING REAL ESTATE INC.

Features

Heating: Baseboard

Main Floor

Other

2.03 x 1.54

Foyer

2.48 x 1.54

Living

3.37 x 5.33

Dining

3.22 x 2.76


Features

Patio: Open
Balcony: Open

Parking

Garage spaces -

Garage type -

Total parking spaces 1


2Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Property listed by POWER MARKETING REAL ESTATE INC., Brokerage
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Population and Demographics

Overview

Total population 7521
Average household income $88,880

Age (%)

65 and plus
25%
50 to 64
21%
0 to 19
20%
20 to 34
18%
35 to 49
16%

Household composition (%)

Single family
54%
Single person
41%
Multi person
5%
Multi family
0%

Mother tongue (%)

English
94%
French
3%
Others
2%

House tenancy (%)

Owners
53%
Renters
47%

Schools and amenities

Estimated Budget