$6,500,000
( $260.00Per Sq Foot )
 $34,893 est/mo Sourced by Back At You

5 Rogers Road , Perth, ON K7H 1N9

Perth, ON K7H 1N9

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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.

Details

MLS#X11891292
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Days On Site67
Listing Provided ByROYAL LEPAGE TEAM REALTY | Not Provided

Features

SQ Feet25,000
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Listings Checked: 45 minutes ago
StateON
CountyLanark
CityPerth
Zip CodeK7H 1N9
Area907 Perth
Listing VS Median (in K7H 1N9)
Price:
$6,500,000
low | high
Med:
$6,500,000
50% of Average
SqFt:
25,000
low | high
Med:
25,000
50% of Average
$ / SqFt:
$260
low | high
Med:
$260
50% of Average
On Site:
67
low | high
Med:
67.000000
100% of Average
Sourced by Back At You
Listing Updated: January 29, 2025 at 6:10:06 PM PST