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)
Property Highlights
For Sale
MLS NO.
X12004221
Type
Commercial
Sub Type
Investment
Square Footage
0.232 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Investment
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X12004221
Lot Width
50.0
Garage Type
None
Cooling
No
Heat Type
Gas Forced Air Open
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
100 WELLAND Street, Perth, ON K7H 3H7
City
Perth
Neighbourhood
907 - Perth
County / Region
Lanark
Province / State
ON
Postal Code
K7H 3H7
Cross Street
Drummond St West to Welland St
Directions
From Highway 7 to Drummond Street Right on Welland
Country
CA
List Price
$2,200,000
Annual Taxes
$12,000
Tax Year
2024
Legal Description
LT 100 PK LT 7 PL 8828 LANARK S LYING WITHIN SW 1/2 LT 2 CON 2 DRUMMOND; LT 109 PK LT 7 PL 8828 LANARK S LYING WITHIN SW 1/2 LT 2 CON2 DRUMMOND TOWN OF PERTH
Possession Type
Other
Possession Details
TBA
Listing Office
RE/MAX HALLMARK REALTY GROUP
Board
Ottawa Real Estate Board
Original Entry
2025-03-06T15:55:07Z
Media Updated
2026-06-05T17:28:48Z
Photos Updated
2026-06-05T17:28:48Z
Last Modified
2026-07-15T17:22:36Z
System Modified
2026-07-27T22:07:42.683509Z
MLS Status
Extension
Basement Yn
No
Co List Office Name
RE/MAX HALLMARK REALTY GROUP
Ddfyn
Yes
Expiration Date
2026-09-08
Heat Type Multi
Gas Forced Air Open
Hstapplication
Included In
Occupant Type
Vacant
Originating System Id
A00001796
Parcel Number
051730131
Public Remarks
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)