55 Drummond Street E Perth, Ontario K7H 1G3
$1,200,000
12 APTS,3 FOUR-PLEXES ON ONE LOT IN THE HISTORIC RETIREMENT TOWN OF PERTH,ALL TENANTS PAY THEIR OWN HYDRO & HEAT,ALL UNITS HAVE ELECTRIC BASEBOARD HEAT EXCEPT FOR ONE WHICH HAS A FORCED AIR GAS FURNACE,TREMENDOUS UPSIDE POTENTIAL IN THE RENTAL INCOME WITH THE AVERAGE RENT BEING $795/MONTH,ON A QUIET PART OF PRESTIGIOUS DRUMMOND ST YET CLOSE TO ALL THE AMENITIES OF THE BUSINESS SECTION,OVER 40% OF PERTH RESIDENTS ARE RETIRED & MORE & MORE RETIREES ARE MOVING TO PERTH FROM ALL OVER ONTARIO & THESE RETIRED PEOPLE MAKE EXCELLENT TENANTS & THIS IS AN EXCELLENT RENTAL MARKET,3 BLOCKS TO STEWART PARK W/MULTITUDE OF YEARLY FESTIVALS,2 BLOCKS TO THE TAY CANAL WHICH FLOWS INTO THE WORLD HERITAGE SITE RIDEAU CANAL,1 BLOCK TO GORE ST THE MAIN BUSINESS STREET OF PERTH,10 BLOCKS TO THE OLDEST GOLF COURSE IN CANADA-THE LINKS 'O' TAY GOLF COURSE,COIN-OPERATED WASHER & DRYER IN ONE BUILDING,PERTH HAS BEEN VOTED THE PRETTIEST TOWN IN ONTARIO MANY TIMES,PERTH IS 1/2 WAY BETWEEN OTTAWA & KINGSTON,CASH COW (id:37464)
Property Details
| MLS® Number | 1328788 |
| Property Type | Multi-family |
| Neigbourhood | PERTH |
| Parking Space Total | 15 |
Building
| Constructed Date | 1900 |
| Exterior Finish | Aluminum Siding, Brick |
| Foundation Type | Block, Stone |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Baseboard Heaters, Forced Air |
| Stories Total | 2 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 202 Ft |
| Size Frontage | 141 Ft |
| Size Irregular | 141 Ft X 202 Ft |
| Size Total Text | 141 Ft X 202 Ft |
| Zoning Description | R3 & R4 |
https://www.realtor.ca/real-estate/25248640/55-drummond-street-e-perth-perth
Sales Representative
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February 24 2023 08:19:45
Ottawa Real Estate Board
RE/MAX Hallmark Realty Group