ON > Perth > 907 - Perth
Perth, ON K7H 3H7,100 WELLAND ST
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Perth, ON K7H 3H7,100 WELLAND ST
Perth, ON K7H 3H7,100 WELLAND ST
Perth, ON K7H 3H7,100 WELLAND ST
Perth, ON K7H 3H7,100 WELLAND ST
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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 2,200,000
Est. payment /mo
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100 WELLAND ST Perth, ON K7H 3H7

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Subdivision 907 - Perth

MLS Listing ID X12004221

Building Age New

Annual Tax Amount $12,000

Tax Year 2024

Property Sub-Type Investment

Lot Depth 100.0

Lot Front 50.0

Property Description

To-Be-Built 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 Ontarios #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, its your turn to invest in this legacy and secure your financial future with this exceptional income property. Dont miss this cash-flowing opportunitywatch your investment grow into a multi-million-dollar asset! Monthly rents: Unit 1 $1750, Unit 2 $1900, Unit 3 $2050, Unit 4 $2050, Unit 5 $2100, Unit 6 $2100. 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)

Location

Province ON

County Lanark

Community 907 - Perth

Area Lanark

Interior

Cooling No

Exterior

Utilities Available Yes

Lot Frontage 50.0

Lot Depth 100.0

Listed by RE/MAX HALLMARK REALTY GROUP
Jethro Seymour

Jethro Seymour

Broker

+1(416) 712-0767

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100 WELLAND ST

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