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.
Property Highlights
For Sale
MLS NO.
X12413292
Type
Commercial
Sub Type
Investment
Square Footage
1.69 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Investment
Transaction Type
For Sale
Status
Active Under Contract
Contract Status
Available
MLS® Number
X12413292
Lot Width
294.3
Lot Size
1.69
Lot Size Units
Acres
Garage Type
None
Cooling
Partial
Heat Type
Other
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
5 Rogers Road, Perth, ON K7H 1N9
City
Perth
Neighbourhood
907 - Perth
County / Region
Lanark
Province / State
ON
Postal Code
K7H 1N9
Cross Street
Rogers Road & Peter Street
Directions
From Ottawa, take Hwy 7 to Perth. Turn left onto Wilson Street W, right onto Peter Street and left onto Rogers Road. Subject property is on the left hand side.
Country
CA
List Price
$4,500,000
Annual Taxes
$43,488
Tax Year
2025
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
Possession Type
Flexible
Possession Details
TBD
Listing Office
ROYAL LEPAGE TEAM REALTY
Board
Ottawa Real Estate Board
Original Entry
2025-09-18T19:36:42Z
Media Updated
2025-09-18T19:36:43Z
Photos Updated
2025-09-18T19:36:43Z
Last Modified
2026-03-26T12:02:42Z
System Modified
2026-03-26T12:02:42.615417Z
MLS Status
Sold Conditional
Ddfyn
Yes
Expiration Date
2026-05-31
Heat Type Multi
Other
Hstapplication
In Addition To
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
051850159
Public Remarks
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.
