38 Drummond Street W Perth, Ontario K7H 2J8
$995,000
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. (id:29090)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X12273868 |
| Property Type | Multi-family |
| Community Name | 907 - Perth |
| Amenities Near By | Recreation |
| Parking Space Total | 8 |
Building
| Cooling Type | None |
| Heating Type | Radiant Heat |
| Size Interior | 5000 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Recreation |
| Size Depth | 150 Ft |
| Size Frontage | 75 Ft |
| Size Irregular | 75 X 150 Ft |
| Size Total Text | 75 X 150 Ft |
| Zoning Description | R4 |
https://www.realtor.ca/real-estate/28582009/38-drummond-street-w-perth-907-perth
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April 06 2026 07:00:31
Rideau - St. Lawrence Real Estate Board
RE/MAX Frontline Realty