Business For Sale · Multifamily

25 HARVEY STREET, Perth

25 HARVEY STREET, Perth, ON K7H1W5

$1.8M total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

90%

Lot Size

0.434 ac

About this property

Investment opportunity in the heart of beautiful downtown Perth! This distinctive and well-maintained residential 6-plex backs onto the scenic Tay Basin, offering a sought-after combination of heritage charm and downtown convenience. The property features a desirable unit mix of five 2-bedroom units and one 3-bedroom unit, each equipped with its own in-unit laundry and parking spot for added tenant convenience. Tenants pay their own heat and hydro; owner pays water. Located in one of Eastern Ontario's most picturesque and vibrant communities, residents can enjoy easy access to downtown shops, restaurants, cafés, parks and local amenities. A rare opportunity to own a multi-residential property in Perth's celebrated downtown core, combining an attractive location, practical in-suite amenities and the potential for long-term rental income and portfolio growth. An exceptional opportunity for investors seeking a distinctive property in a desirable downtown setting. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.79M
Down payment30% · $539K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$8K

Projected NOI

$63K

Annual cash flow

$-37K

Cash-on-cash

-6.84%

DSCR

0.63

Going-in cap

3.49%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

119,794

Households

45,821

Median income

$108,500

Median age

33

Daytime population

136,590

5-yr growth

0.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 25 HARVEY STREET, Perth.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.