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Home ON Drummond-North Elmsley
49 HIGHWAY 511
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$589,900
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49 HIGHWAY 511
DRUMMOND, Ontario K7H3C9

MLS® Number: 091991901010000

Listing Description

If you are looking for an investment property in the beautiful Heritage Perth area, look no further. With 8 apartments generating a steady income stream and room to add more, highway frontage with allowable severance potential, and over 50 beautiful acres for future development, this property can tick all the boxes for anyone wishing to own an income property. The property also comes with a micro-fit solar generating system providing over $10,000 income each year with an Ontario Government contract extending 18 years, to the year 2033. This property is situated in the prime development area of Perth, near large commercial retailers, and sits at the junction of two major highways. As a valuable investment, both short and long term, this property should be at the top of your list. (91991903248687)

Location Description

GO 3 BLOCKS NORTH ON HIGHWAY 511 FROM HIGHWAY 7; PROPERTY IS ON THE RIGHT

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Title
Freehold
Land Size
56.89 ACRES|50 - 100 acres
Annual Property Taxes
$8,090
Time on REALTOR.ca
3224 days

Building

Building Features
Features
Visual exposure
Heating & Cooling
Heating Type
Forced air (Natural gas)
Business
Business Type
Residential (Residential)
Neighbourhood Features
Amenities Nearby
Highway, Shopping

Land

Other Property Information
Access
Highway access
Zoning Description
residentia
Data provided by: Rideau - St. Lawrence Real Estate Board

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