$995,000
FOR SALE

Multiplex

Lot: 75 x 150 ft

38 Drummond Street W
Perth, ON K7H 2J8

Fully tenanted 7-unit multi-residential investment property in a prime Perth location, directly across from the hospital and situated on one of the town's most desirable streets. This turnkey asset offers immediate rental income with a strong tenant profile, supported by a well-maintained building that combines historic character with key capital upgrades.The property consists of 7 self-contained units: 2 two-bedroom units, 4 one-bedroom units, and 1 bachelor unit, providing a well-balanced unit mix attractive to a broad tenant base. Tenants benefit from on-site shared laundry, generous storage, a detached coach house garage with loft space, and a clean, dry basement, adding further utility and long-term appeal.Major infrastructure improvements completed in 2019/2020 include all new hydro meters, updated breaker panels, and a full electrical rewire, significantly reducing near-term capital expenditure concerns and improving operational efficiency. Pride of ownership is evident throughout, with the building carefully maintained to preserve its condition and tenant appeal.Set in a high-demand rental location near Perth Hospital, this property offers a compelling opportunity for investors seeking stable cash flow, solid fundamentals, and long-term upside in a quality multi-unit asset. The property's distinctive Victorian architecture, spacious layouts, hardwood flooring, mouldings, stained glass, and multiple fireplaces enhance tenant desirability while setting it apart from typical rental inventory. (id:47421)
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Listed By RE/MAX FRONTLINE REALTY
Data Provided By Rideau - St. Lawrence Real Estate Board
MLS® Listing Number X12273868
Last Updated May 24, 2026
Property Summary
Property Type Multiplex

More like this:
Use Apartments
Community 907 - Perth
Price History

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Detailed Information
Lot 75 x 150 ft
Amenities Nearby Recreation
Listing Contract Date 2025-07-09
Location Description Cross Streets: Drummond St W & Mary St. ** Directions: From Ottawa take Hwy 7 west to Perth, LT onto Drummond St W to corner of Mary St and Drummond St W.
# of Parking Spaces 8
Property Type Multi-family
Transaction Type For sale
Zoning Description R4
Business
Business Type Residential
Business Subtype Apartments
Building
Cooling Type None
Heating Type Radiant heat
Type Multi-Family
Utility Water Municipal water
Land
Total Size 75 x 150 FT
Amenities Recreation
Size of Irregular Land 75 x 150 FT

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