$499,900
Perth
28 Wilson Street West, Perth, Ontario, K7H2M9
This multi-family property in Perth is for sale offering roughly 2,750 sq ft of space. It has been on the market 53 days, fresher than the Perth average of 89 days.
Side by side duplex, with bonus commercial zoning, located at 28 Wilson Street West, a short walk from Perth's historic downtown core. Live in one unit and rent out the 2nd unit to help pay your mortgage, or open a business in one half. Set on a 14,650 sq ft lot with 70 feet of frontage and 210 feet of depth, this property represents one of the largest properties in the area, offering significant long-term flexibility, including R3 C1-1 zoning that allows for a potential 3rd residential unit. The two-storey stone duplex contains two self-contained side by side residential units, a 3-bed 1.5-bath unit and a 2-bed 1-bath unit, totaling approximately 2,575 sq ft. Both homes feature distinct layouts that preserve their historic charm with deep window sills and high ceilings, while delivering functional, private day-to-day living with separate entrances. The property has a history of mixed residential and commercial use, including its former operation as the Tay River Gallery. Conveniently located only a short walk to downtown Perth amenities, including shops, restaurants, cafés, professional services, parks, and the Tay River waterfront. Recent improvements include a steel roof with metal soffit and fascia, and rear siding. The site also offers ample room for potentially 10+ parking spots, a rare feature in the area. Income is currently in place with month-to-month residential tenancies, while the zoning, lot size, frontage, parking, and central location support strong future upside through owner-occupation, triplex conversion, mixed-use conversion, or redevelopment. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 53 days on market, against an average age of 89 days across the listings currently for sale in this city
This 5-bed multi-family in Perth has been listed for 53 days, which is 36 days fresher than the city average of 89. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $499,900, about 6.1× the local median household income of $82,000.
Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — roughly 19% above the area median.
Source: Statistics Canada, 2021 Census (FSA K7H)
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