We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estate sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!
60 DRUMMOND STREET W, Perth
2025-10-24
Quick Summary
- Location
- 60 DRUMMOND STREET W, Perth, Ontario K7H2K4
- Price
- $1,695,000
- Status:
- For Sale
- Property Type:
- Vacant Land
- Area:
- 3 ac
MLS®#X12480782
Property Description
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. (id:32467)
Property Features
Building
- Fireplace: No
- Interior Size: 3 ac
- Utility Water: Municipal water
Land
- Land Size: 0.87 ac
- Sewer: Storm sewer
Zoning
- Description: Commercial
Information entered by RE/MAX HALLMARK REALTY GROUP
Listing information last updated on: 2025-10-28 13:54:39
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Your One Percent Realty Commission savings†
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We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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Charlene Witt Broker
- Phone:
- (519) 271-2923
- Email:
- charwitt2000@yahoo.com
- Support Area:
- Stratford, St.Marys, Mitchell, Sebringville, Shakespeare, Perth County, Tavistock
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Full ProfileSergiu Buhatel Broker
- Phone:
- (613) 724-8815
- Email:
- sergiu.buhatel@gmail.com
- Support Area:
- Ottawa, Nepean, Barrhaven, Findlay Creek, Blossom Park, Orleans, Kanata, Riverside South, Cumberland, Rockland, Manotick, Stittstville, Cornwall, Perth
Sergiu has been a Realtor® since 2012 and obtained his Broker license in 2015. He holds a Mas ...
Full ProfileSarah Mann Real Estate Agent
- Phone:
- 613-285-4404
- Email:
- sarahmannrealtor@gmail.com
- Support Area:
- Ottawa, Smiths Falls, Kemptville, Carleton Place, Perth, Merrickville, Rideau Lakes, Lombardy, Richmond, Stittsville, Carp, Lanark, Rideau Ferry, Portland, Spencerville, Mississippi Lakes, Almonte, Pakenham, Arnprior, Manotick, Greely, Hallville, South Mountain, Winchester, ches
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