60 DRUMMOND STREET W - Photo 1 of 19, Perth, Ontario
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$1,695,000

60 DRUMMOND STREET W — Perth, Ontario

K7H2K4

3Sq Ft
10Parking
1Lot Sq Ft

Listed by RE/MAX HALLMARK REALTY GROUP

About This Property

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:63357)

Property Details

Property Type
Land
Living Area
3 sqft
Status
Active

Location & Neighborhood

What's nearby 60 DRUMMOND STREET W

Lifestyle Summary

At 60 Drummond Street West, your daily routine is beautifully defined by the charming strolls to nearby amenities that cater to both family life and culinary adventures. Start your mornings with a leisurely 5-minute walk to the local park, where you can enjoy fresh air and perhaps a quick jog or a peaceful moment with a book. The park’s inviting atmosphere makes it a perfect spot for kids to play or for you to catch up with neighbors while soaking in the community spirit. When it’s time for school, you’ll appreciate the convenient proximity of The Stewart Public School, just a 7-minute walk away. This accessibility allows your mornings to be stress-free, giving you more time to enjoy breakfast with your family before the school day begins. For older children, Perth and District Collegiate Institute is only an 8-minute stroll, making it easy for them to walk or bike to class. This close-knit arrangement fosters a strong sense of community, where families often connect during drop-off and pick-up times. Food lovers will find their haven with an array of dining options within walking distance. Jersey Joe's, renowned for its delicious sandwiches, is just an 8-minute walk away, perfect for grabbing a quick lunch after the school run. If you’re in the mood for Asian cuisine, The Hot Wok is also a mere 8 minutes away, offering a delightful selection of dishes for dinner. For a cozy evening treat, Thomasino's, just a 9-minute walk, serves up hearty Italian classics that can easily become a weekly family favorite. Health and wellness needs are conveniently met with several pharmacies nearby, including Rexall and PharmaChoice, both just a short walk away. This ensures that you can quickly pick up necessities without the hassle of a lengthy drive. Living at 60 Drummond Street West allows you to embrace a lifestyle where family, food, and well-being seamlessly intertwine, creating a fulfilling daily experience right at your doorstep.

Parks & Recreation

Local Amenities

Health

Dining

POI data updated recently

Last updated: Oct 28, 2025

Listed by

RE/MAX HALLMARK REALTY GROUP

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$1,695,000