Office Listings

16 GORE STREET E
Downtown Perth Perth K7H1H5

$1,825,000
Multi-family baths: 0.0 built: 1920

Main Photo: 16 GORE STREET E in Perth: Multi-family for sale : MLS®# 1255642
Photo 1: 16 GORE STREET E in Perth: Multi-family for sale : MLS®# 1255642
Photo 2: 16 GORE STREET E in Perth: Multi-family for sale : MLS®# 1255642
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Photo 12: 16 GORE STREET E in Perth: Multi-family for sale : MLS®# 1255642
Photo 13: 16 GORE STREET E in Perth: Multi-family for sale : MLS®# 1255642
Status:
Active
Prop. Type:
Multi-family
MLS® Num:
1255642
Year Built:
1920
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:2493)
Property Type:
Multi-family
Transaction Type:
For sale
Zoning:
C1
Ownership Type:
Freehold
Property Management Company:
Self Managed -
Community:
Downtown Perth
Number of bathrooms:
0.0
Half Bathrooms:
0
Age:
101 years
Exterior Finish:
Stone
Fireplace:
No
Foundation:
Stone
Heating:
Hot water radiator heat
Heating Fuel:
Natural gas
# Storeys:
3.0
Water:
Municipal water
Sewer:
Municipal sewage system
Lot Frontage:
79'
Lot Depth:
89'
Acreage:
No
Lot Size:
79 ft X 89 ft
Lot Details:
79 ft X 89 ft
Total Parking Spaces:
12
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Data was last updated October 25, 2021 at 12:45 PM (UTC)
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