Property

Perth, ON K7H2J8 38 DRUMMOND STREET W

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Presented By: RE/MAX FRONTLINE REALTY
  • MLS# X12273868
  • 07/09/2025
  • Request Tour
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  • SQFT • 5,000

Home Details

Fully tenanted 7-unit multi-residential investment property in a prime Perth location, directly across from the hospital and situated on one of the town's most desirable streets. This turnkey asset offers immediate rental income with a strong tenant profile, supported by a well-maintained building that combines historic character with key capital upgrades.The property consists of 7 self-contained units: 2 two-bedroom units, 4 one-bedroom units, and 1 bachelor unit, providing a well-balanced unit mix attractive to a broad tenant base. Tenants benefit from on-site shared laundry, generous storage, a detached coach house garage with loft space, and a clean, dry basement, adding further utility and long-term appeal.Major infrastructure improvements completed in 2019/2020 include all new hydro meters, updated breaker panels, and a full electrical rewire, significantly reducing near-term capital expenditure concerns and improving operational efficiency. Pride of ownership is evident throughout, with the building carefully maintained to preserve its condition and tenant appeal.Set in a high-demand rental location near Perth Hospital, this property offers a compelling opportunity for investors seeking stable cash flow, solid fundamentals, and long-term upside in a quality multi-unit asset. The property's distinctive Victorian architecture, spacious layouts, hardwood flooring, mouldings, stained glass, and multiple fireplaces enhance tenant desirability while setting it apart from typical rental inventory. (id:7434)
Presented By: RE/MAX FRONTLINE REALTY

Interior Features for 38 DRUMMOND STREET W

Other Interior Features

Building Fireplace PresentFalse
Building Heating TypeRadiant heat
Living Area Range5000

General for 38 DRUMMOND STREET W

AmenitiesRecreation
Building Cooling TypeNone
Building TypeMulti-Family
Business Sub TypeApartments
Business TypeResidential
CommunityName907 - Perth
Location DescriptionCross Streets: Drummond St W & Mary St. ** Directions: From Ottawa take Hwy 7 west to Perth, LT onto Drummond St W to corner of Mary St and Drummond St W.
Parking Space Total8
Property TypeMulti-family
Zoning DescriptionR4

Exterior for 38 DRUMMOND STREET W

Land AmenitiesRecreation

Additional Details

Farhan Firouzian

Sales Representative
Price $995,000
MLS#X12273868
List Date 07/09/2025
Property Type Multi-Family
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