100 WELLAND Street
Perth, ON
- 0.23 sqft
- Investment
- 548 days on market
Beautiful NEW 6-Unit Apartment Building on a Large 1/4 Acre Lot. Nestled between Shoppers Drug Mart and the Elliot Street Medical Centre, this prime investment property offers the perfect blend of tranquility and convenience. Located on a quiet dead-end street, it's just steps from the commercial amenities of Highway 7 in the historic town of Perth. This vibrant community is home to Stewart Park, a hub for festivals, and The Links 'O' Tay, Canadas oldest golf course. A short walk leads to the Tay River, which connects to the UNESCO World Heritage Rideau Canal, as well as the Best Western Hotel and charming downtown Perth. This six-unit apartment building is designed for both functionality and tenant comfort, featuring five 2-bedroom units and one 1-bedroom unit, each with unique layouts and air exchangers. Tenants pay their own heat and hydro, with individual hydro meters in every unit. Each unit has its own exterior entrance, adding privacy and convenience. A professional property management company is already in place, ensuring seamless operation and stress-free ownership. Perth is Ontario's #1 retirement town, boasting the highest average age in the province. With 40% of residents retired, this is an ideal market for stable, long-term tenancies. Steeped in history, Perth was once the wealthiest area in Canada, attracting British officers and major banking institutions after the War of 1812. Now, it's your turn to invest in this legacy and secure your financial future with this exceptional income property. Don't miss this cash-flowing opportunity watch your investment grow into a multi-million-dollar asset! Monthly rents: Unit 1 $1900 Unit 2 $2400, Unit 3 $2400, Unit 4 $2400, Unit 5 $2400, Unit 6 $2400. The financial information under 'Other Expenses' of $7,582 consists of snow and yard maintenance costs ($4,800) and a structural reserve allowance ($2,782)
Listing Details
- Taxes (2024)
- $12,000
- Listed
- March 6, 2025
Price History
Property
- Age
- New
- Lot Size
- 50 x 100 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Drummond St West to Welland St
- Zoning
- I2 R4
- Parcel Number
- 051730131
- Possession
- Other
- Occupancy
- Vacant
Commercial
- Business Type
- Apts - 6 To 12 Units
Property Insights
AI-generated from listing photos. Not professional advice.
Community
Postal area K7H
- Population
- 16,175
- Private dwellings
- 8,360
- Median age
- 55.6
- Average household size
- 2.2
- Median household income
- $82,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Perth · last 12 months
- Median sold price
- $493,750
- Homes sold
- 94
- Median days on market
- 23
- Sale-to-list price
- 96.9%
Based on 94 recorded sales of commercial properties in Perth over the last 12 months.
Listed by
RE/MAX HALLMARK REALTY GROUP
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Annual property tax
- $12,000
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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