16 Gore Street E Perth, Ontario K7H 1H5

Hot Water Radiator Heat


Fourteen-unit income property includes 3 commercial retail units plus 11 residential apartments. This an incredible opportunity for a value-add investor that appreciates underperforming assets and knows how to make the necessary renovations and cycle out tenants to raise rents to a market value. Residential rents are currently 50% below market value and commercial rents are 30% below market value. Lots of upside for a sophisticated investor who will actualize the embedded equity to increase the value of the property by more than $2,000,000. All units are separately metered for hydro. Commercial tenants also pay for heat and water. Includes 12 parking spaces. No on-site laundry. Two tankless water boilers were installed 3 and 7 years ago. Two hot water tanks service the building & are less than five years old. (id:20425)

Property Details

MLS® Number 1331798
Property Type Multi-family
Neigbourhood Downtown Perth
Parking Space Total 12


Constructed Date 1920
Exterior Finish Stone
Fireplace Present No
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



Contact us for more information

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Mitch Gauzas

(613) 829-1818

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

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

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