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.
Address
5 Rogers Road
List Price
$4,500,000
MLS® Status
Sold Conditional
Expiration Date
2026-05-31
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Perth
Sub-Area
907 - Perth
Region
Lanark
Lot Depth
250
Lot Type
Building
Lot Size Units
Feet
Lot Width
294.3
Parcel Number
051850159
Total Building Area
1.69
Occupant Type
Tenant
Cross Street
Rogers Road & Peter Street
MLS® Number
X12413292
Listing Brokerage
ROYAL LEPAGE TEAM REALTY
Postal Code
K7H 1N9
Posession Details
TBD
Tax Amount
$43,488.00
Tax Year
2025
Property Management Company
Self Managed
Site Influences
Public Transit, Recreation/Community Centre
Community Features
Public Transit, Recreation/Community Centre
Standard Status
Pending
Board Or Association
Ottawa Real Estate Board
Heat Type
Other
Cooling Features
Partial
Garage Type
None
Tax Legal Description
PT LT 15 VILLAGE OF CAROLINA, 16 VILLAGE OF CAROLINA, 20 VILLAGE OF CAROLINA, 21 VILLAGE OF CAROLINA PL 8828 LANARK S DRUMMOND AS IN RS73448 EXCEPT BLS485; S/T PR10246; TOWN OF PERTH
