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$2,200,000

Perth ON, K7H 3H7

MLS® # X12004221

Property Information:

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) (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None

Property Features:

  • Property Type: Multi-family
  • Lot Depth: 100.0 Feet
  • Lot Frontage: 50.0 Feet
  • Zoning: I2 R4

Courtesy of: RE/MAX HALLMARK REALTY GROUP

REALTOR.ca  

Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Location of 100 WELLAND STREET, Perth, Ontario, K7H 3H7

Demographic Information of 100 WELLAND STREET, Perth, Ontario, K7H 3H7

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$104,097.89

Average Number of Children

1.47

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.55 %

High school certificate or equivalent

31.53 %

Apprenticeship trade certificate/diploma

6.84 %

College/non-university certificate

26.69 %

University certificate (below bachelor)

3.65 %

University Degree

14.73 %

Commuter

Travel To Work

By Car

90.24 %

By Public Transit

0.0 %

By Walking

7.72 %

By Bicycle

0.0 %

By Other Methods

2.04 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

41.11 %

Houses

58.89 %

Own Vs. Rent