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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision 907 - Perth
MLS Listing ID X12004221
Building Age New
Annual Tax Amount $12,000
Tax Year 2024
Property Sub-Type Investment
Property Description
To-Be-Built 6-Unit Apartment Building on a Large 1/4 Acre Lot. Nestled between Shoppers Drug Mart and the Elliot Street Medical Centre, this prime investment property offers the perfect blend of tranquility and convenience. Located on a quiet dead-end street, it's just steps from the commercial amenities of Highway 7 in the historic town of Perth. This vibrant community is home to Stewart Park, a hub for festivals, and The Links 'O' Tay, Canadas oldest golf course. A short walk leads to the Tay River, which connects to the UNESCO World Heritage Rideau Canal, as well as the Best Western Hotel and charming downtown Perth.This six-unit apartment building is designed for both functionality and tenant comfort, featuring five 2-bedroom units and one 1-bedroom unit, each with unique layouts and air exchangers. Tenants pay their own heat and hydro, with individual hydro meters in every unit. Each unit has its own exterior entrance, adding privacy and convenience. A professional property management company is already in place, ensuring seamless operation and stress-free ownership.Perth is Ontarios #1 retirement town, boasting the highest average age in the province. With 40% of residents retired, this is an ideal market for stable, long-term tenancies. Steeped in history, Perth was once the wealthiest area in Canada, attracting British officers and major banking institutions after the War of 1812. Now, its your turn to invest in this legacy and secure your financial future with this exceptional income property. Dont miss this cash-flowing opportunitywatch your investment grow into a multi-million-dollar asset! Monthly rents: Unit 1 $1750, Unit 2 $1900, Unit 3 $2050, Unit 4 $2050, Unit 5 $2100, Unit 6 $2100. The financial information under 'Other Expenses' of $7,582 consists of snow and yard maintenance costs ($4,800) and a structural reserve allowance ($2,782)
Location
Province ON
County Lanark
Community 907 - Perth
Area Lanark
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 50.0
Lot Depth 100.0
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Listed by RE/MAX HALLMARK REALTY GROUP