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$2,200,000
Available - For Sale
Listing ID: X12004221
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)
Price $2,200,000
Taxes: $12,000
Tax Type: Annual
Occupancy by: Vacant
Address: 100 WELLAND Stre , Perth, K7H 3H7, Lanark
Postal Code: K7H 3H7
Province/State: Lanark
Legal Description: LT 100 PK LT 7 PL 8828 LANARK S LYING WI
Directions/Cross Streets: Drummond St West to Welland St
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  0
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: F
Total Area: .23
Total Area Code:  Acres
Approximatly Age: New
Financial Statement: F
Franchise: F
 Management Expense: 6965
Maintenance: 0
Water Expense: $2413
Vacancy Allowance: 4302
Net Income Before Debt: $101048
Expenses Actual/Estimated: $Act
Heat Type: Gas Forced Air Open
Central Air Conditioning: No
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This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX HALLMARK REALTY GROUP

100 WELLAND Stre , Perth, K7H 3H7, Lanark


 
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At a Glance:
Type: Com - Investment
Area: Lanark
Municipality: Perth
Neighbourhood: 907 - Perth
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Lot Size: x 100.00(Feet)
Approximate Age: New
Tax: $12,000
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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