8 Daines Place, Perth, Ontario K7H0H7

Listing courtesy of RE/MAX ABSOLUTE SAM MOUSSA REALTY.

$4,125,000
List Price
$4,125,000
MLS®
1315889
Days on Market
41
Status
ACTIVE
Type
Multifamily
Subtype
Multi-family
Subdivision
Perth

Property Description

Welcome to 8 Daines Place a few short steps from beautiful downtown historic Perth. This building has 21 units: one - 1 bedroom and 20 - two bedrooms plus a coin-op laundry. Built-in the early 1980s, this property has numerous long-term tenants and is being renovated as tenants leave with five units completely renovated in the past year with two more identified. The current average rent is approximately $1,100/mo with the market rent for the two beds being $1,700, providing an upside potential increase of more than $11k per month! Shingle Roof was replaced in 2017, the owner is in the process of replacing 5 patio doors and 11 windows (others have already been done), and several hot water tanks have also been replaced. The lobby, laundry room, and halls have all been painted, and carpets on the ground floor and main level have been replaced. Tenants pay for electricity, electric heated. *See attached info sheet and rent roll* (id:2579)

Additional Information

Ownership
Freehold
Heating Fuel
Electric
Subdivision
Perth
Parking Spaces
27
Levels
3
Country
Canada
Sewer
Municipal sewage system
Frontage Length
100 ft
Heating
Baseboard heaters
Total Number Of Units
21
Stories
3

Mortgage Calculator

Amount of Loan
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks