$1,398,000
60 Drummond Street W, Perth, ON K7H 2K4
Perth
- Square feet
- 0
- Type
- Land
About this listing
Shovel Ready!! Prime Opportunity for Development: 25-Unit Apartment Building Site in Beautiful Perth!! Attention real estate investors and developers! We are excited to present a rare opportunity to acquire a FULLY APPROVED AND REGISTERED SITE PLAN for a 25-unit apartment building in the heart of the picturesque town of Perth. This prime property, nestled amid stunning landscapes, offers a unique chance to capitalize on the ever-growing demand for quality housing in this vibrant community. The approved site plan includes a contemporary design that harmoniously blends with the surrounding environment. With a mix of one-, two-, and three-bedroom units, this project is poised to cater to a diverse demographic, from young professionals to families seeking a tranquil lifestyle. The design prioritizes open spaces and ample natural light, ensuring a welcoming atmosphere for all residents. Additionally, the site's registration against the title provides a secured foundation for the development process. Interested parties can commence construction without delay, further enhancing the investment's potential for a quick turnaround. This property boasts two income-generating duplexes at 60Aand 60B, providing not only stable tenant occupancy but also attractive cash flows. Total Annual Gross Income: $65,328. Reliable Cash Flow: Existing duplexes create consistent cash flow, allowing coverage of holding costs during the pre-construction phase, Improved Financing Metrics: Strong net yields at the duplex level fortify financing potential, including phased development strategies. In summary, this shovel-ready project generates a robust gross income of $65,328 with a manageable expense footprint of $21,503, leading to a substantial net income of $43,825 in 2024. With immediate development possibilities and financing advantages.Don't miss out on the chance to be part of Perth's transformation.
Property details
- Days on market
- 22 days
- Property taxes
- $3,281/yr (2025)
- Lot size
- 126.35 × 209.68 Feet
Payment calculator
- Mortgage amount
- $1,118,400
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Location
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Walkability, transit, and bike-friendliness for 60 Drummond Street W, Perth, ON K7H 2K4
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MLS# X13088814
Listed by RE/MAX HALLMARK REALTY GROUP
On market since May 6, 2026
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About 60 Drummond Street W, Perth, ON K7H 2K4
How much is 60 Drummond Street W, Perth, ON K7H 2K4?
60 Drummond Street W, Perth, ON K7H 2K4 is listed for $1,398,000 CAD.
What type of property is 60 Drummond Street W, Perth, ON K7H 2K4?
60 Drummond Street W, Perth, ON K7H 2K4 is a Land.
What neighbourhood is 60 Drummond Street W, Perth, ON K7H 2K4 in?
60 Drummond Street W, Perth, ON K7H 2K4 is in Perth, Ontario.
Is 60 Drummond Street W, Perth, ON K7H 2K4 for sale or for rent?
60 Drummond Street W, Perth, ON K7H 2K4 is currently for sale.
How do I book a showing for 60 Drummond Street W, Perth, ON K7H 2K4?
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 60 Drummond Street W, Perth, ON K7H 2K4 (MLS# X13088814). You can also send a message through the contact form on this site.