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Active

$524,900

150-152 GORE STREET E, Perth

5 Beds • 2.0 Baths • Multi-Family

MLS# X12836458

Multi-Family
Spacious 5-bedroom layout
Perth location

About This Property

Discover a robust addition to your portfolio with 150-152 Gore Street. This well maintained duplex is situated just steps from the vibrant shops, dining, and parks of downtown Perth. This property offers immediate, reliable cash flow with a total monthly rental income of $3,950. 152 Gore: Currently generating $2,200/month, offering flexibility for market rent adjustments or owner-occupancy. 150 Gore: Generating $1,750/month (Leased), providing long-term stability. Efficiency is maximized as both units have separate furnaces and hydro meters, ensuring tenants pay their own heat and electricity. Minimize your capital expenditure with a long list of recent improvements: Roof: replaced August 2021, Eavestroughs: New in September 2022, Unit 150: Hot Water Tank (May 2022), New Dryer 2025 Unit 152: New Stove (April 2024), Updated Bathroom Vanity (March 2024). The property is deceptively large, offering diverse layouts that appeal to a wide tenant base. Unit 150 is a comfortable 2-bedroom, 1-bathroom home with direct backyard access. Unit 152 is a spacious 3-bedroom, 1 bathroom residence with a formal dining room, a versatile main-floor office/playroom, and a bright 3-season room leading to the expansive rear yard. Both tenants benefit from dedicated storage in the detached garage. With an average water/sewer cost of $135/month and insurance at $296/month, the margins on this property are excellent. Invest with confidence in one of Ontario’s most sought-after towns. Whether you are looking for a worry-free “set and forget” investment or a multi-generational living solution. Unit 150 Gore St. will be vacant as of July 1. (id:66401)

Property Details

Bedrooms 5

Bathrooms 2.0

Property Type Multi-Family

Location

150-152 GORE STREET E, Perth, Ontario, K7H1J7

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$524,900

150-152 GORE STREET E, Perth

5 Beds • 2.0 Baths • Multi-Family