16 GORE STREET E, Perth, Ontario K7H1H5

For Sale

$1,825,000 CAD
$1,825,000 CAD
  • Multi-family
Open House
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Property Summary for 16 GORE STREET E

Type
Multi-family
Sub-Type
Freehold
Title
Freehold
MLS® Number
1255642
Year Built
1920
Stories
3
Lot info
79.00ft x 89.00ft
Postal Code
K7H1H5

Description for 16 GORE STREET E

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:1937)
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Features for 16 GORE STREET E

Building Features
  • Utility Water: Municipal water
  • Foundation Type: Stone
  • Exterior Finish: Stone
Heating
  • Hot water radiator heat
  • Natural gas
Sewer Water
  • Municipal sewage system

Mortgage rate comparison for 16 GORE STREET E top

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Mitch Gauzas

Mitch Gauzas

Salesperson

KELLER WILLIAMS INTEGRITY REALTY

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