$999,000
Perth
19 North Street, Perth, Ontario, K7H2S4
This multi-family property in Perth is for sale offering roughly 3,250 sq ft of space. It has been on the market 63 days, fresher than the Perth average of 88 days.
Welcome to 19 North Street in the heart of beautiful Perth-an exceptional, fully tenanted fourplex offering investors the opportunity to step into an established income-producing property from day one. Ideally located just moments from Perth's vibrant downtown core, this charming and extensively updated multi-residential property combines a strong rental profile, desirable location, and significant improvements that make it an excellent addition to any investment portfolio. With all four units currently rented, investors can benefit from immediate rental income and an established tenant base without the uncertainty of filling vacancies after closing. Over $240,000 has been invested into the property over the years, with improvements including updated windows, roofing, exterior painting, landscaping, flooring, appliances, and extensive renovations throughout the units. Several suites feature updated kitchens and bathrooms, bright and inviting living spaces, private entrances, verandas, outdoor areas, and in-unit laundry access, helping create comfortable and highly desirable rental accommodations. The property's location further strengthens its long-term investment appeal, with Perth's shops, restaurants, parks, waterfront, and everyday amenities all close at hand. Known for its heritage charm, thriving downtown, and strong sense of community, Perth continues to attract professionals, retirees, commuters, and tenants looking for quality housing outside larger urban centres. With limited rental inventory, continued housing demand, substantial improvements already completed, and four established tenancies in place, 19 North Street represents a compelling opportunity for investors looking for a well-located, income-producing multi-residential property with both character and long-term potential. A true turnkey investment in one of Eastern Ontario's most desirable small towns. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 63 days on market, against an average age of 88 days across the listings currently for sale in this city
This 5-bed multi-family in Perth has been listed for 63 days, which is 25 days fresher than the city average of 88. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $999,000, about 12.2× the local median household income of $82,000.
Carrying it typically needs a household income of about $195,140 (20% down, 25-yr amortization, stress-tested) — roughly 138% above the area median.
Source: Statistics Canada, 2021 Census (FSA K7H)
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Loading rates, 30-yr amortization
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