$1,398,000
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60 Drummond Street W, Perth, ON K7H2K4

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- Beds
0 Baths
1 Sq Ft

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:58753)

Listing By: Maha Shahbazian - RE/MAX HALLMARK REALTY GROUP cncrea2 Realty.com
  • MLS® X13088814
  • Date Listed05/06/2026
  • Days on Realty 82 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 37,897 sq. ft
  • Sewer Other
  • Property Type Land
  • Water Public
  • Square Feet 1 sq. ft
  • Price Per Sq. Ft $1398000

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT 37,897.20
  • Lot Features -

Directions

Cross Streets: Drummond between Perkins and Harris. ** Directions: From Highway 7 follow Drummond St south to 60, just before the tracks opposite Nevis Estate.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for K7H2K4

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

Walkability in ON / K7H2K4

Source: Walk Score

60/100

Somewhat Walkable

Walk Score ®

0/100

Minimal Transit

Transit Score ®

54/100

Bikable

Bike Score ®

Overview

Some errands can be accomplished on foot. 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: 10/100, Transit Score: 0/100, Bike Score: 26/100.

Points of Interest near 60 DRUMMOND STREET W, Perth, ON K7H2K4

Frequently Asked Questions for 60 DRUMMOND STREET W

Source: Realty.com

60 DRUMMOND STREET W, Perth, ON K7H2K4 in Perth, ON K7H2K4 is a land listed at $1,398,000. Highlights include 1 sq. ft., $1,398,000 per sq. ft.. Realty.ca has 19 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 19 photos of 60 DRUMMOND STREET W.

The full address for this home is 60 DRUMMOND STREET W, Perth, ON K7H2K4.

60 DRUMMOND STREET W has been listed on Realty.com since Wed May 06, 2026

Some errands can be accomplished on foot. It is possible to get on a bus. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 10/100, Transit Score: 0/100, Bike Score: 26/100.

Listing provided courtesy of: RE/MAX HALLMARK REALTY GROUP
Listing agent: Maha Shahbazian

This content last refreshed on 2026-07-27 09:49:21. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.