For Sale: 38 Drummond Street W, Perth, ON - REW
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$995,000
0 bd • ba • 5000 sf • Multifamily
38 Drummond Street W
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$995,000
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38 Drummond Street WPerth, ON, K7H 2J8

  • 0 Bed
  • Bath
  • 5000 Sqft
  • Multifamily

About this home

Fully tenanted 7-unit multi-residential investment property in a prime Perth location, directly across from the hospital and situated on one of the town's most desirable streets. This turnkey asset offers immediate rental income with a strong tenant profile, supported by a well-maintained building that combines historic character with key capital upgrades.The property consists of 7 self-contained units: 2 two-bedroom units, 4 one-bedroom units, and 1 bachelor unit, providing a well-balanced unit mix attractive to a broad tenant base. Tenants benefit from on-site shared laundry, generous storage, a detached coach house garage with loft space, and a clean, dry basement, adding further utility and long-term appeal.Major infrastructure improvements completed in 2019/2020 include all new hydro meters, updated breaker panels, and a full electrical rewire, significantly reducing near-term capital expenditure concerns and improving operational efficiency. Pride of ownership is evident throughout, with the building carefully maintained to preserve its condition and tenant appeal.Set in a high-demand rental location near Perth Hospital, this property offers a compelling opportunity for investors seeking stable cash flow, solid fundamentals, and long-term upside in a quality multi-unit asset. The property's distinctive Victorian architecture, spacious layouts, hardwood flooring, mouldings, stained glass, and multiple fireplaces enhance tenant desirability while setting it apart from typical rental inventory. (id:63626)
Listed by: Kristine Oakes, Salesperson, RE/MAX FRONTLINE REALTY

Home facts and features

Price details
List Price
$995,000
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Gross Taxes for 2026
$10,035
Home facts
Bedrooms
0
Full Bathrooms
Parking Spaces
8
Property Type
Multifamily
Depth
150 feet
Frontage
75.0 feet
Heating Type
Radiant heat
Agent details
Primary Agent
Kristine Oakes
Primary Broker
RE/MAX FRONTLINE REALTY
Listing details
Days on REW
332 Days
Property Views
177
MLS® Number
X12273868
Source
Canadian Real Estate Association
Board
Rideau - St. Lawrence Real Estate Board
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25 Years
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Property Insights

Perth School
  • Public
  • 7 - 12
The Stewart Public School
  • Public
  • JK - 6
St John Elementary School
  • Catholic
  • JK - 6
The Queen Elizabeth School
  • Public
  • JK - 6
St John Catholic High School
  • Catholic
  • 9 - 12
St. John Intermediate School
  • Catholic
  • 7 - 8
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Call Agent
Salesperson
Kristine Oakes
Phone:
(613) 200-1111
Office:
613-267-2221
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