Perth, ON K7H1R8 33 FOSTER STREET

COMMERCIAL ZONING ALLOWS MANY PERMITTED USES ON FILE LIKE LAW OFFICE,REAL ESTATE AGENCY,RETAIL STORE ETC,THIS IS A WELL LOCATED 4-PLEX IN HISTORIC PERTH ON A QUIET STREET OFF OF THE MAIN STREET AND CLOSE TO ALL OF THE AMMENITIES OF THE BUSINESS SECTION,EVERY APT HAS IT'S OWN SEPARATE ENTRANCE,ALL THE TENANTS PAY THEIR OWN HYDRO WITH THE OWNER PAYING FOR THE FORCED AIR GAS HEAT,THIS PROPERTY HAS TREMENDOUS UPSIDE POTENTIAL IN THE RENTAL INCOME,LOCATED 35 MINS WEST OF KANATA & 50 MINS FROM DOWNTOWN OTTAWA IN THE PRETTIEST LITTLE TOWN IN ONTARIO,PERTH HAS THE HIGHEST AVERAGE AGE OF ANY TOWN OR CITY IN ALL OF ONTARIO,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,CIBC ASSUMABLE MORTGAGE OF $601,752 W/JUST UNDER 3 YRS REMAINING W/MATURUTY DATE OF JAN/2027, W/ORIGINAL AMORTIZATION PERIOD OF 25 YRS,INTERST RATE=3.07%,MORTGAGE PAYMENT=APPROX.$3,000/MONTH (id:7434)