5 Rogers Road, Perth | Image 1

5 Rogers Road

Perth, 907 - Perth

  • Commercial

$6,500,000
For Sale

Added 5 days ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-Over 20 Units

  • Zoning: R3

  • Age: No Data

  • Taxes: 40195

  • MLS®#: X11891292

  • Added: Dec 12, 2024 (5 days ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: ROYAL LEPAGE TEAM REALTY

On the banks of the Tay River, in the charming Town of Perth you will find this incredible multi-family investment opportunity. To say they dont make them like this anymore would be an understatement. Built in 1964 with brick and concrete block construction, this 23 unit low rise apartment building is as solid as they come. This desirable location is on 1.6 waterfront acres in the heart of Perth where shopping, groceries, restaurants and golf are all within walking distance. The building has been well maintained with recent upgrades including windows, generator, roof maintenance and electrical and fire retrofits. The building is made up of 22 2-bedroom apartments and one bachelor, boasting a healthy NOI of $256,636 despite the fact that most units have longer term tenants paying well below market rates. The oversized lot has plenty of green space where residents can enjoy the riverfront views and two ample parking lots with plenty of room for future expansion.

Property

  • Status: Sale

  • Type: Apts-Over 20 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Perth

  • Community: 907 - Perth

  • Availability Date: TBD

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Available

Building

  • Heat Type: Gas Hot Water

  • Energy Certificate: N

  • Green Verification Status: N

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

Fees

  • Tax Year: 2023

  • Tax Legal Description: PLAN 8828 PT LOT 15 PT LOT 16 PT LOT 20 PT LOT 21 S PETER

  • Taxes: $40,195

  • Taxes Type: Annual

Land

  • Cross Street: Rogers Road & Peter

  • Municipality District: Perth

  • Parcel Number: 051850159

  • Lot Depth: 250 Feet

  • Lot Frontage: 294.3 Feet

  • Zoning: R3

Commercial Specific

  • Total Area: 25000

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Lot Code: Building

Map of 5 Rogers Road, Perth
JK-6

Glen Tay Public School

Elementary: Public
4.72 km
7-8

St. John Intermediate School

Elementary: Catholic
1.28 km
JK-6

The Queen Elizabeth School

Elementary: Public
1.15 km
7-8

Perth Intermediate School

Elementary: Public
0.91 km
JK-6

St John Elementary School

Elementary: Catholic
0.68 km
JK-6

The Stewart Public School

Elementary: Public
0.77 km
9-12

Hanley Hall Catholic High School

Secondary: Catholic
18.83 km
9-12

St. Luke Catholic High School

Secondary: Catholic
18.58 km
9-12

Perth and District Collegiate Institute

Secondary: Public
0.95 km
9-12

Carleton Place High School

Secondary: Public
27.61 km
9-12

St John Catholic High School

Secondary: Catholic
1.29 km
9-12

Smiths Falls District Collegiate Institute

Secondary: Public
18.87 km