Welcome to 19 North Street in the heart of beautiful Perth-an exceptional, fully tenanted fourplex offering investors the opportunity to step into an established income-producing property from day one. Ideally located just moments from Perth's vibrant downtown core, this charming and extensively updated multi-residential property combines a strong rental profile, desirable location, and significant improvements that make it an excellent addition to any investment portfolio. With all four units currently rented, investors can benefit from immediate rental income and an established tenant base without the uncertainty of filling vacancies after closing. Over $240,000 has been invested into the property over the years, with improvements including updated windows, roofing, exterior painting, landscaping, flooring, appliances, and extensive renovations throughout the units. Several suites feature updated kitchens and bathrooms, bright and inviting living spaces, private entrances, verandas, outdoor areas, and in-unit laundry access, helping create comfortable and highly desirable rental accommodations. The property's location further strengthens its long-term investment appeal, with Perth's shops, restaurants, parks, waterfront, and everyday amenities all close at hand. Known for its heritage charm, thriving downtown, and strong sense of community, Perth continues to attract professionals, retirees, commuters, and tenants looking for quality housing outside larger urban centres. With limited rental inventory, continued housing demand, substantial improvements already completed, and four established tenancies in place, 19 North Street represents a compelling opportunity for investors looking for a well-located, income-producing multi-residential property with both character and long-term potential. A true turnkey investment in one of Eastern Ontario's most desirable small towns. (id:28469)
Facts & features
Property
MLS® Number
X13735762
Property Type
Multi-family
Community Name
907 - Perth
Equipment Type
Water Heater, Furnace
Parking Space Total
4
Rental Equipment Type
Water Heater, Furnace
Building
Bathroom Total
5
Bedrooms Above Ground
5
Bedrooms Total
5
Amenities
Fireplace(s)
Appliances
Dryer, Water Heater, Stove, Two Washers, Window Coverings, Refrigerator
Basement Development
Unfinished
Basement Type
N/a (unfinished)
Cooling Type
None
Exterior Finish
Brick
Fireplace Present
Yes
Fireplace Total
1
Foundation Type
Stone
Half Bath Total
1
Heating Fuel
Natural Gas
Heating Type
Other
Stories Total
3
Size Interior
3,000 - 3,500 Sqft
Type
Fourplex
Utility Water
Municipal Water
Parking
Attached Garage
—
Garage
—
Land
Acreage
No
Sewer
Sanitary Sewer
Size Depth
85 Ft
Size Frontage
61 Ft
Size Irregular
61 X 85 Ft
Size Total Text
61 X 85 Ft
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.
Cost of ownership
Est. monthly payment
$4,423/mo
Ontario land transfer tax
$16,455 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.