$915,000
For sale: Multiplex

4-plex in the historic retirement town of Perth, all tenants pay their own hydro & heat (electric baseboard).This building will attract good tenants because of the upscale atmosphere, very high walk-score being 3 blocks to Stewart Park with a multitude of yearly festivals, 2 blocks to the Tay Canal which flows into the world heritage site Rideau Canal, 1.5 blocks to Gore St, the main business street of Perth, 8 blocks to the oldest golf course in Canada - the Links O Tay Golf Course. Perth has been voted the prettiest town in Ontario many times. Perth is halfway between Ottawa & Kingston. Large lot 73 ft x 135 ft with lots of parking space. All residential area. Rents: Unit A - $1,600 (2 bdrm on the upper level), Unit B - $1,600 (1 bdrm + den on the main level), Unit C - $1,350 (1 bdrm on the upper level), Unit D - $1,450 (1 bdrm on the main level). All Units have laundry with washer and dryer hook up. New shingled roof, cash cow!. See attachments for schedule B to accompany all offers. 48 hours irrevocable on all offers. 72 hours notice for all showings/inspections.
Sold data
Homes in Perth took a median of 24 days to sell over the last 365 days, with the quickest quarter selling within 11 days and the slowest quarter taking more than 55, across 92 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 44 days.
The median sale price was $519,000.
Homes sold for about 2.3% below asking on average, so there was room to negotiate.
About 15% of sales closed above the list price.
Around 24% of sellers reduced their price before finding a buyer.
Based on 92 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Perth has 5 Fraser Institute–rated schools (3 elementary and 2 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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