38 Drummond ST W, Perth, ON K7H 2J8
38 Drummond ST W, Perth, ON K7H 2J8
38 Drummond ST W, Perth, ON K7H 2J8
38 Drummond ST W, Perth, ON K7H 2J8
38 Drummond ST W, Perth, ON K7H 2J8
38 Drummond ST W, Perth, ON K7H 2J8
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Peter Velentis

Peter Velentis

+1(647) 287-1509
-
Est. payment | /mo

5,000 SqFt

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-
Est. payment | /mo
Save Virtual Tour

5,000 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 5,000 sqft

Subdivision 907 - Perth

MLS Listing ID X12273868

Annual Tax Amount $10,034

Tax Year 2024

Property Sub-Type Investment

Property Description

Fully tenanted 7-unit multi-residential investment property in a prime Perth location, directly across from the hospital and situated on one of the town's most desirable streets. This turnkey asset offers immediate rental income with a strong tenant profile, supported by a well-maintained building that combines historic character with key capital upgrades.The property consists of 7 self-contained units: 2 two-bedroom units, 4 one-bedroom units, and 1 bachelor unit, providing a well-balanced unit mix attractive to a broad tenant base. Tenants benefit from on-site shared laundry, generous storage, a detached coach house garage with loft space, and a clean, dry basement, adding further utility and long-term appeal.Major infrastructure improvements completed in 2019/2020 include all new hydro meters, updated breaker panels, and a full electrical rewire, significantly reducing near-term capital expenditure concerns and improving operational efficiency. Pride of ownership is evident throughout, with the building carefully maintained to preserve its condition and tenant appeal.Set in a high-demand rental location near Perth Hospital, this property offers a compelling opportunity for investors seeking stable cash flow, solid fundamentals, and long-term upside in a quality multi-unit asset. The property's distinctive Victorian architecture, spacious layouts, hardwood flooring, mouldings, stained glass, and multiple fireplaces enhance tenant desirability while setting it apart from typical rental inventory.

Location

Province ON

County Lanark

Area Lanark

Zoning R4

Interior

Cooling No

Exterior

Community Features Recreation/Community Centre

Utilities Available Yes

Lot Frontage 75.0

Lot Depth 150.0

Others

ParcelsYN No

Virtual Tour https://listings.nextdoorphotos.com/vd/200672766

Listed by RE/MAX FRONTLINE REALTY

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38 Drummond ST W

Peter Velentis

"When you work with me, youère not just getting a realtor-youère gaining a trusted advisor whose expertise, innovative solutions, and steadfast commitment to your success make all the difference. Whether youère buying, selling, or investing, I am here to guide you every step of the way, ensuring that your real estate experience is both rewarding and stress-free."

+1(647) 287-1509

peter.velentis@lptrealty.com

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