100 WELLAND Street

ActivePerth · 907 - Perth518 days on marketMLS® X12004221

$2,200,000

Bedrooms0

Bathrooms0

Interior0 sq ft

TypeCommercial

ListingFor Sale

Days on Market518

About this property

Beautiful NEW 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 Ontario's #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, it's your turn to invest in this legacy and secure your financial future with this exceptional income property. Don't miss this cash-flowing opportunity watch your investment grow into a multi-million-dollar asset! Monthly rents: Unit 1 $1900 Unit 2 $2400, Unit 3 $2400, Unit 4 $2400, Unit 5 $2400, Unit 6 $2400. 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)

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X12004221
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	0 sq ft
Beds / Baths	0 bed · 0 bath
Neighbourhood	907 - Perth
City	Perth
Postal Code	K7H 3H7
Province	ON
Listed Date	March 6, 2025
Days on Market	518
Brokerage	RE/MAX HALLMARK REALTY GROUP