Property

Perth, ON K7H3H7 100 WELLAND STREET

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Presented By: RE/MAX HALLMARK REALTY GROUP
  • MLS# X12004221
  • 03/06/2025
  • Request Tour
  • Request Info

Home Details

Beautiful NEW 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 Ontario's #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, it's your turn to invest in this legacy and secure your financial future with this exceptional income property. Don't miss this cash-flowing opportunity watch your investment grow into a multi-million-dollar asset! Monthly rents: Unit 1 $1900 Unit 2 $2400, Unit 3 $2400, Unit 4 $2400, Unit 5 $2400, Unit 6 $2400. 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) (id:7434)
Presented By: RE/MAX HALLMARK REALTY GROUP

Interior Features for 100 WELLAND STREET

Other Interior Features

Building Fireplace PresentFalse
Building Heating FuelNatural gas
Building Heating TypeForced air

General for 100 WELLAND STREET

Building AgeNew building
Building Cooling TypeNone
Building TypeMulti-Family
Business Sub TypeApartments
Business TypeResidential
CommunityName907 - Perth
Location DescriptionCross Streets: Drummond St West to Welland St. ** Directions: From Highway 7 to Drummond Street Right on Welland.
Property TypeMulti-family
Zoning DescriptionI2 R4

Additional Details

Harmeet Badhesa

Sales Representative
Price $2,200,000
MLS#X12004221
List Date 03/06/2025
Property Type Multi-Family
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