About this property

On the banks of the Tay River, in the charming Town of Perth you will find this incredible multi-family investment opportunity. To say they dont make them like this anymore would be an understatement. Built in 1964 with brick and concrete block construction, this 23 unit low rise apartment building is as solid as they come. This desirable location is on 1.6 waterfront acres in the heart of Perth where shopping, groceries, restaurants and golf are all within walking distance. The building has been well maintained with recent upgrades including windows, generator, roof maintenance and electrical and fire retrofits. The building is made up of 22 2-bedroom apartments and one bachelor, boasting a healthy NOI of $217,968 despite the fact that most units have longer term tenants paying well below market rates. The oversized lot has plenty of green space where residents can enjoy the riverfront views and two ample parking lots with plenty of room for future expansion.

Features & finishes

View

Air Conditioning

Basement

Property details

MLS® Number	X12413292
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	2 sq ft
Lot Size	2 sq ft
Beds / Baths	0 bed · 0 bath
City	Perth
Postal Code	K7H 1N9
Province	ON
Listed Date	March 8, 2026
Days on Market	151
Price per Sq Ft	$2,250,000
Brokerage	ROYAL LEPAGE TEAM REALTY