real estate agent Ottawa


16 Gore Street E Perth, Ontario K7H 1H5

Hot Water Radiator Heat


A fourteen-unit, fully occupied mixed-use income property. Three commercial retail units plus 11 residential apartments. This an incredible opportunity for a value-add investor that appreciates underperforming assets. The residential rents are currently 50% below the market value and commercial rents are 30% below market value. This building offers a very significant upside for a sophisticated investor. All units are separately metered for hydro. Commercial tenants also pay for utilities in addition to the rent. The property includes 12 parking spaces at the back of the building. No on-site laundry. Two tankless water boilers were installed 3 and 7 years ago service the building. The building is located in the downtown historic core of Perth. It is a prime pedestrian location in a growing community. Work towards turning over the tenants and updating the the cosmetics of the units to attract higher paying tenants, significantly increasing the revenue and value of the building. (id:25309)

Property Details

MLS® Number 1365281
Property Type Multi-family
Neigbourhood Downtown Perth
Parking Space Total 12


Constructed Date 1920
Exterior Finish Stone
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Hot Water Radiator Heat
Stories Total 3
Utility Water Municipal Water


Acreage No
Sewer Municipal Sewage System
Size Depth 89 Ft
Size Frontage 79 Ft
Size Irregular 79 Ft X 89 Ft
Size Total Text 79 Ft X 89 Ft
Zoning Description C1

Keller Williams Integrity Realty
2148 Carling Ave., Units 5 & 6
Ottawa, Ontario K2A 1H1

(613) 829-1818
(613) 829-3223

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