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$995,000
Est. payment /mo
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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 X12273868
Annual Tax Amount $10,034
Tax Year 2024
Property Sub-Type Investment
Lot Depth 150.0
Lot Front 75.0
Property Type Commercial
Property Description
Fully tenanted 7-unit multi-residential investment property in a prime Perth location, directly across from the hospital and situated on one of the town's most desirable streets. This turnkey asset offers immediate rental income with a strong tenant profile, supported by a well-maintained building that combines historic character with key capital upgrades.The property consists of 7 self-contained units: 2 two-bedroom units, 4 one-bedroom units, and 1 bachelor unit, providing a well-balanced unit mix attractive to a broad tenant base. Tenants benefit from on-site shared laundry, generous storage, a detached coach house garage with loft space, and a clean, dry basement, adding further utility and long-term appeal.Major infrastructure improvements completed in 2019/2020 include all new hydro meters, updated breaker panels, and a full electrical rewire, significantly reducing near-term capital expenditure concerns and improving operational efficiency. Pride of ownership is evident throughout, with the building carefully maintained to preserve its condition and tenant appeal.Set in a high-demand rental location near Perth Hospital, this property offers a compelling opportunity for investors seeking stable cash flow, solid fundamentals, and long-term upside in a quality multi-unit asset. The property's distinctive Victorian architecture, spacious layouts, hardwood flooring, mouldings, stained glass, and multiple fireplaces enhance tenant desirability while setting it apart from typical rental inventory.
Location
Province ON
County Lanark
Area Lanark
Zoning R4
Interior
Cooling No
Exterior
Community Features Recreation/Community Centre
Utilities Available Yes
Lot Frontage 75.0
Lot Depth 150.0
Others
ParcelsYN No
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Listed by RE/MAX FRONTLINE REALTY