16 GORE STREET E, Perth, Ontario, K7H1H5
Property TypeMulti-family Built in1920

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:46094)

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Management CompanySelf Managed - OwnershipFreehold
Parking Spaces12 TransactionFor sale
Zoning DescriptionC1
Constructed Date1920 Exterior FinishStone
FoundationStone Bathrooms (Half)0
Bathrooms (Total)0 Heating FuelNatural gas
HeatingHot water radiator heat Storeys Total3
Utility WaterMunicipal water
Size Frontage79 ft SewerMunicipal sewage system
Size Depth89 ft Size Irregular79 ft X 89 ft


Data Provided by Ottawa Real Estate Board

Last Modified :05/08/2021 03:10:44 PM

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