$2,200,000
FOR SALE

Investment

Lot: 50 x 100 ft
2024 Taxes: $12,000

100 WELLAND St
Perth, ON K7H 3H7 | 907 - Perth | Lanark

To-Be-Built 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 Ontarios #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, its your turn to invest in this legacy and secure your financial future with this exceptional income property. Dont miss this cash-flowing opportunitywatch 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)
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Listed By RE/MAX HALLMARK REALTY GROUP
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12004221
Last Updated Mar 08, 2026
Property Summary
Property Type Investment

More like this:
Use Apts - 6 To 12 Units
PIN 051730131
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 Date TBA
Taxes (2024) $12,000
Directions/Cross Streets Drummond St West to Welland St
Neighbourhood 907 - Perth
Area Lanark
Price History

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Detailed Information
Lot 50 x 100 ft
Air Conditioning No
Garage Type None
Heat Type Gas Forced Air Open

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