5 Rogers Road Perth, Ontario K7H 1N9
$6,500,000
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:49712)
Business
| BusinessType | Residential |
| BusinessSubType | Apartments |
Property Details
| MLS® Number | X11891292 |
| Property Type | Multi-family |
| Community Name | 907 - Perth |
| AmenitiesNearBy | Public Transit |
Building
| HeatingFuel | Natural Gas |
| HeatingType | Hot Water Radiator Heat |
| SizeExterior | 25000 Sqft |
| SizeInterior | 25000 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Public Transit |
| SizeDepth | 250 Ft |
| SizeFrontage | 294 Ft ,3 In |
| SizeIrregular | Bldg=294.3 X 250 Ft |
| SizeTotalText | Bldg=294.3 X 250 Ft |
| ZoningDescription | R3 |
https://www.realtor.ca/real-estate/27734563/5-rogers-road-perth-907-perth
6081 Hazeldean Road, 12b
Ottawa, Ontario K2S 1B9
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December 13 2024 12:21:44
Ottawa Real Estate Board
Royal LePage Team Realty
