10
See all 10 photos
$6,500,000
Est. payment /mo
25,000 SqFt
Active
5 ROGERS ROAD Perth, ON K7H1N9
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 25,000 sqft
Price per Sqft $260
Subdivision 907 - Perth
MLS® Listing ID X11891292
Originating Board Ottawa Real Estate Board
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. (id:24570)
Location
Province ON
Interior
Heating Hot water radiator heat
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by ROYAL LEPAGE TEAM REALTY