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38 Drummond Street W
907 - Perth Perth K7H 2J8

$995,000 /For Sale
Commercial

Main Photo: 38 Drummond Street W in Perth: 907 - Perth Commercial for sale : MLS®# X12273868
Photo 1: 38 Drummond Street W in Perth: 907 - Perth Commercial for sale : MLS®# X12273868
Photo 2: 38 Drummond Street W in Perth: 907 - Perth Commercial for sale : MLS®# X12273868
Photo 3: 38 Drummond Street W in Perth: 907 - Perth Commercial for sale : MLS®# X12273868
Photo 4: 38 Drummond Street W in Perth: 907 - Perth Commercial for sale : MLS®# X12273868
Photo 5: 38 Drummond Street W in Perth: 907 - Perth Commercial for sale : MLS®# X12273868
Photo 6: 38 Drummond Street W in Perth: 907 - Perth Commercial for sale : MLS®# X12273868
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Photo 30: 38 Drummond Street W in Perth: 907 - Perth Commercial for sale : MLS®# X12273868
Photo 31: 38 Drummond Street W in Perth: 907 - Perth Commercial for sale : MLS®# X12273868
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12273868
Bus Major:
Apts - 6 To 12 Units
The moment you walk through the grand entrance of this well-preserved gem-you will fall in love - some apartments with their own unique fireplace, some even two! This fully tenanted 7 unit multi-residential investment property is located across from the Perth hospital on the nicest street in Perth! This enchanting Victorian home is a rare blend of timeless elegance and modern comfort. From the moment you step inside, you're welcomed by the rich character of yesteryear soaring ceilings, intricate grand mouldings, and original gleaming hardwood floors that have been lovingly maintained. Each room tells a story, with unique fireplaces that serve as both beautiful focal points and cozy gathering spaces. While the home retains all the charm of its era stained glass accents, ornate woodwork, and graceful architectural details it has been thoughtfully updated with modern wiring and essential amenities. Pride of ownership is evident throughout this well-maintained 7-unit investment property. Tenants enjoy ample storage, including a detached coach house garage with a spacious loft and a clean, dry basement equipped with shared laundry. Significant upgrades completed in 2019/2020 include all-new hydro meters, updated breaker panels, and a full electrical rewire ensuring safety, efficiency, and long-term value. This is a turnkey opportunity with solid infrastructure and lasting appeal. Main Floor: 1-2bedroom; 2-1bedroom. Second Floor: Bachelor; 2-1bedroom. Third Floor 1-2bedroom
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
5000 sq. ft. Square Feet
Total Area:
5,000 sq. ft.
Lot Depth:
150'
Lot Frontage:
75'
Lot Shape:
Rectangular
Water supply:
Municipal
Zoning:
R4
Heating type:
Radiant
Garage:
Single Detached
Parking Spaces:
8
Possession Details:
To Determine
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$10,034.92 / 2024
Assessment:
$- / -
Lanark
Perth
907 - Perth
Recreation/Community Centre
None
Utilities:
Yes
Energy Certification:
No
Green Property Information Statement:
No
Air Conditioning:
No
Seller Property Info Statement:
No
Gross income:
$75,804
Expenses Actual/Estimated:
Estimated
Heating Expenses:
$7,290.1
Hydro Expenses:
$914.62
Insurance Expenses:
$4,975
Tax Expenses:
$10,034.92
Water Expenses:
$2,140.58
Year Expenses:
28354
Maintenace Expenses:
$3,000
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Date Listed:
Jul 09, 2025
Original Price:
$1,150,000
Previous Price:
$1,150,000
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Listed by RE/MAX FRONTLINE REALTY
Data was last updated February 22, 2026 at 11:15 PM (UTC)
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