$4,500,000
Available - For Sale
Listing ID: X12413292
5 Rogers Road , Perth, K7H 1N9, Lanark
| On the banks of the Tay River, in the charming Town of Perth you will find this incredible multi-family investment opportunity. To say they dont make them like this anymore would be an understatement. Built in 1964 with brick and concrete block construction, this 23 unit low rise apartment building is as solid as they come. This desirable location is on 1.6 waterfront acres in the heart of Perth where shopping, groceries, restaurants and golf are all within walking distance. The building has been well maintained with recent upgrades including windows, generator, roof maintenance and electrical and fire retrofits. The building is made up of 22 2-bedroom apartments and one bachelor, boasting a healthy NOI of $217,968 despite the fact that most units have longer term tenants paying well below market rates. The oversized lot has plenty of green space where residents can enjoy the riverfront views and two ample parking lots with plenty of room for future expansion. |
| Price | $4,500,000 |
| Taxes: | $43488.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 5 Rogers Road , Perth, K7H 1N9, Lanark |
| Postal Code: | K7H 1N9 |
| Province/State: | Lanark |
| Legal Description: | PT LT 15 VILLAGE OF CAROLINA, 16 VILLAGE |
| Directions/Cross Streets: | Rogers Road & Peter Street |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Building Percentage: | T |
| Total Area: | 1.69 |
| Total Area Code: | Acres |
| Area Influences: | Public Transit Recreation/Comm |
| Washrooms: | 0 |
| Heat Type: | Other |
| Central Air Conditioning: | Partial |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ROYAL LEPAGE TEAM REALTY |
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Mina Nourikhalichi
Broker
Dir:
416-882-5419
Bus:
905-731-2000
Fax:
905-886-7556
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Lanark |
| Municipality: | Perth |
| Neighbourhood: | 907 - Perth |
| Tax: | $43,488 |
| Fireplace: | N |
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