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$5,500,000
Available - For Sale
Listing ID: X11891292
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.
Price $5,500,000
Taxes: $40,195
Tax Type: Annual
Occupancy by: Tenant
Address: 5 Rogers Rd , Perth, K7H 1N9, Ontario
Postal Code: K7H 1N9
Province/State: Ontario
Legal Description: PLAN 8828 PT LOT 15 PT LOT 16 PT LOT 20
Lot Size: 294.3 x 250 (Feet)
Directions/Cross Streets: Rogers Road & Peter Street
Zoning: R3
Category: Apartment
Use: Apts-Over 20 Units
Building Percentage: Y
Total Area: 25,000
Total Area Code:  Sq Ft
Area Influences: Public Transit  
Heat Type: Gas Hot Water
Central Air Conditioning: N
Water: Municipal
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE TEAM REALTY

5 Rogers Rd , Perth, K7H 1N9, Ontario


 
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At a Glance:
Type: Com - Investment
Area: Lanark
Municipality: Perth
Neighbourhood: 907 - Perth
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Lot Size: 294.30 x 250.00(Feet)
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Tax: $40,195
Maintenance Fee: $0
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