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16 Gore Street E Perth, Ontario K7H 1H5

Hot Water Radiator Heat

$1,825,000

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:42429)

Property Details

MLS® Number 1255642
Property Type Multi-family
Neigbourhood Downtown Perth
Parking Space Total 12

Building

Constructed Date 1920
Exterior Finish Stone
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Hot Water Radiator Heat
Stories Total 3
Utility Water Municipal Water

Land

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

https://www.realtor.ca/real-estate/23496125/16-gore-street-e-perth-downtown-perth

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