ON > Perth > 907 - Perth
Perth, ON K7H 1N9,5 Rogers RD
Perth, ON K7H 1N9,5 Rogers RD
Perth, ON K7H 1N9,5 Rogers RD
Perth, ON K7H 1N9,5 Rogers RD
Perth, ON K7H 1N9,5 Rogers RD
Perth, ON K7H 1N9,5 Rogers RD
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Fawad Nissari

Fawad Nissari

+1(416) 878-1085
$ 6,500,000
Est. payment | /mo

25,000 SqFt

Save
$ 6,500,000
Est. payment | /mo
Save

25,000 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 25,000 sqft

Price per Sqft $260

Subdivision 907 - Perth

MLS Listing ID X11891292

Annual Tax Amount $40,195

Tax Year 2023

Property Sub-Type Investment

Property Description

On the banks of the Tay River, in the charming Town of Perth you will find this incredible multi-family investment opportunity. To say they dont make them like this anymore would be an understatement. Built in 1964 with brick and concrete block construction, this 23 unit low rise apartment building is as solid as they come. This desirable location is on 1.6 waterfront acres in the heart of Perth where shopping, groceries, restaurants and golf are all within walking distance. The building has been well maintained with recent upgrades including windows, generator, roof maintenance and electrical and fire retrofits. The building is made up of 22 2-bedroom apartments and one bachelor, boasting a healthy NOI of $256,636 despite the fact that most units have longer term tenants paying well below market rates. The oversized lot has plenty of green space where residents can enjoy the riverfront views and two ample parking lots with plenty of room for future expansion.

Location

Province ON

County Lanark

Community 907 - Perth

Area Lanark

Interior

Cooling No

Exterior

Community Features Public Transit

Utilities Available Available

Lot Depth 250.0

Listed by ROYAL LEPAGE TEAM REALTY
agent-avatar

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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