16 Gore Street E Perth ON K7H 1H5
16 Gore Street E Perth ON K7H 1H5
16 Gore Street E Perth ON K7H 1H5
16 Gore Street E Perth ON K7H 1H5
16 Gore Street E Perth ON K7H 1H5
16 Gore Street E Perth ON K7H 1H5
16 Gore Street E Perth ON K7H 1H5
16 Gore Street E Perth ON K7H 1H5
16 Gore Street E Perth ON K7H 1H5
16 Gore Street E Perth ON K7H 1H5
16 Gore Street E Perth ON K7H 1H5
16 Gore Street E Perth ON K7H 1H5
16 Gore Street E Perth ON K7H 1H5

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Fourteen-unit income property includes 3 commercial retail units plus 11 residential apartments. This an incredible opportunity for a value-add investor that appreciates underperforming assets and knows how to make the necessary renovations and cycle out tenants to raise rents to a market value. Residential rents are currently 50% below market value and commercial rents are 30% below market value. Lots of upside for a sophisticated investor who will actualize the embedded equity to increase the value of the property by more than $2,000,000. All units are separately metered for hydro. Commercial tenants also pay for heat and water. Includes 12 parking spaces. No on-site laundry. Two tankless water boilers were installed 3 and 7 years ago. Two hot water tanks service the building & are less than five years old. (id:24093)
Listed by Mitch Gauzas of KELLER WILLIAMS INTEGRITY REALTY

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"Based on information submitted to CREA as of March 29, 2023 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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