$995,000
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38 Drummond Street W, Perth, ON K7H2J8

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- Beds
0 Baths
5,000 Sq Ft

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:58753)

Listing By: Kristine Oakes - RE/MAX FRONTLINE REALTY cncrea2 Realty.com
  • MLS® X12273868
  • Date Listed07/09/2025
  • Days on Realty 332 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size -
  • Property Type Multi Family
  • Water Public
  • Square Feet 5,000 sq. ft
  • Price Per Sq. Ft $199

Interior Features

  • Cooling None
  • Heating Radiant heat

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Directions

Cross Streets: Drummond St W & Mary St. ** Directions: From Ottawa take Hwy 7 west to Perth, LT onto Drummond St W to corner of Mary St and Drummond St W.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for K7H2J8

Discover key demographics, population statistics, and environmental insights for the Perth, ON area.

Walkability in ON / K7H2J8

Source: Walk Score

33/100

Car-Dependent

Walk Score ®

0/100

Minimal Transit

Transit Score ®

52/100

Bikable

Bike Score ®

Overview

Most errands require a car. It is possible to get on a bus. Some bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 9/100, Transit Score: 0/100, Bike Score: 27/100.

Points of Interest near 38 DRUMMOND STREET W, Perth, ON K7H2J8

Frequently Asked Questions for 38 DRUMMOND STREET W

Source: Realty.com

38 DRUMMOND STREET W, Perth, ON K7H2J8 in Perth, ON K7H2J8 is a multi family listed at $995,000. Highlights include 5,000 sq. ft., $199 per sq. ft.. Realty.ca has 32 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 32 photos of 38 DRUMMOND STREET W.

The full address for this home is 38 DRUMMOND STREET W, Perth, ON K7H2J8.

38 DRUMMOND STREET W has been listed on Realty.com since Wed July 09, 2025

Most errands require a car. It is possible to get on a bus. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 9/100, Transit Score: 0/100, Bike Score: 27/100.

Listing provided courtesy of: RE/MAX FRONTLINE REALTY
Listing agent: Kristine Oakes

This content last refreshed on 2026-06-06 03:25:17. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.