Office Listings
16 GORE STREET E
Downtown Perth
Perth
K7H 1H5
$1,825,000
Multi-family
baths: 0.0
built: 1920
- Status:
- Active
- Prop. Type:
- Multi-family
- MLS® Num:
- 1331798
- Year Built:
- 1920
- Photos (12)
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Fourteen-unit income property includes 3 commercial retail units plus 11 residential apartments. This an incredible opportunity for a value-add investor that appreciates underperforming assets and knows how to make the necessary renovations and cycle out tenants to raise rents to a market value. Residential rents are currently 50% below market value and commercial rents are 30% below market value. Lots of upside for a sophisticated investor who will actualize the embedded equity to increase the value of the property by more than $2,000,000. All units are separately metered for hydro. Commercial tenants also pay for heat and water. Includes 12 parking spaces. No on-site laundry. Two tankless water boilers were installed 3 and 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:
- 103 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:
- 79'24.079 m
- Lot Depth:
- 89'27.127 m
- 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 June 5, 2023 at 08:15 AM (UTC)
Area Statistics
- Listings on market:
- 10
- Avg list price:
- $589,450
- Min list price:
- $348,000
- Max list price:
- $6,750,000
- Avg days on market:
- 33
- Min days on market:
- 8
- Max days on market:
- 94
- Avg price per sq.ft.:
- $232.92
These statistics are generated based on the current listing's property type
and located in
Perth. Average values are
derived using median calculations.
- RITA FUNG
- KELLER WILLIAMS INTEGRITY REALTY
- 613-720-0808
- ritafung@kw.com
- Michael Butler
- Keller Williams Integrity Realty
- 613-218-9069
- michaeldbutler@kw.com
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