55 DRUMMOND STREET E$1,200,000

12 APTS,3 FOUR-PLEXES ON ONE LOT IN THE HISTORIC RETIREMENT TOWN OF PERTH,ALL TENANTS PAY THEIR OWN HYDRO & HEAT,ALL UNITS HAVE ELECTRIC BASEBOARD HEAT EXCEPT FOR ONE WHICH HAS A FORCED AIR GAS FURNACE,TREMENDOUS UPSIDE POTENTIAL IN THE RENTAL INCOME WITH THE AVERAGE RENT BEING $795/MONTH,ON A QUIET PART OF PRESTIGIOUS DRUMMOND ST YET CLOSE TO ALL THE AMENITIES OF THE BUSINESS SECTION,OVER 40% OF PERTH RESIDENTS ARE RETIRED & MORE & MORE RETIREES ARE MOVING TO PERTH FROM ALL OVER ONTARIO & THESE RETIRED PEOPLE MAKE EXCELLENT TENANTS & THIS IS AN EXCELLENT RENTAL MARKET,3 BLOCKS TO STEWART PARK W/MULTITUDE OF YEARLY FESTIVALS,2 BLOCKS TO THE TAY CANAL WHICH FLOWS INTO THE WORLD HERITAGE SITE RIDEAU CANAL,1 BLOCK TO GORE ST THE MAIN BUSINESS STREET OF PERTH,10 BLOCKS TO THE OLDEST GOLF COURSE IN CANADA-THE LINKS 'O' TAY GOLF COURSE,COIN-OPERATED WASHER & DRYER IN ONE BUILDING,PERTH HAS BEEN VOTED THE PRETTIEST TOWN IN ONTARIO MANY TIMES,PERTH IS 1/2 WAY BETWEEN OTTAWA & KINGSTON,CASH COW (id:46641)