Address
16 GORE STREET E Perth, ON
Price
$ 1,825,000
Property Attributes
  • ID#1255642
  • TypeMulti-Family
  • CityPerth
  • NeighbourhoodDowntown Perth
  • Postal CodeK7H 1H5
  • Style
  • Price$ 1,825,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
KELLER WILLIAMS INTEGRITY REALTY
Data Source:
Canadian Real Estate Association
Property Description

Fourteen unit income property. Two adjacent mixed-use retail/residential buildings are located in the heart of the main commercial district of Perth, Ontario. The municipal addresses include #6, #12, #14, & #16 Gore Street East. The property has 100% occupancy with 3 retail units plus 11 residential units. All of the leases are currently gross rent. The tenants do pay for their hydro separately. The commercial tenants also pay for their gas consumption. There are 12 parking spaces at the back of the building. Parking is included in the rent. All rents are under market value offering the next owner the opportunity to fully renovate the residential units & common areas over time which will increase the financial performance & valuation of the building by a substantial amount. No on-site laundry. The lower flat roof is at the end of its lifespan. Two tankless water boilers were installed less than 7 years ago. Two hot water tanks service the building & are less than five years old. (id:7434)

General Features

Foundation Type Stone
More Information Link https://www.realtor.ca/real-estate/23496125/16-gore-street-e-perth-downtown-perth
Neighbourhood Downtown Perth
Ownership Type Freehold
Property Type Multi-family
Zoning Description C1

Interior Features

Building Fireplace Present False
Building Heating Fuel Natural gas
Building Heating Type Hot water radiator heat

Exterior Features

Exterior Finish Stone
Parking Space Total 12
Sewer Municipal sewage system

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in K7H 1H5

Price
AVG $1.83M
$1.83M
Visits
AVG 59
31
Year Built
AVG 1920
1920
Walkscore
AVG 80
80
Data Provided by Walkscore ® not using MLS data