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Investment signal

$349,900

229 GORE STREET E

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Baths

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Year

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Type

Single Family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Perth. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Baby cash cow. Side by side 2 unit in Historical Retirement Town of Perth. The two-bedroom unit rents for $600 per month, while the three-bedroom unit rents for $850 per month. Tenants pay their own Hydro and Heat (Gas). Each unit offers easy-care laminate flooring, tall ceilings, and preserved original wood. This property presents a great opportunity to occupy one unit while using the rent from the other to help offset a large portion of your mortgage right from the start. 2 Driveways - one on each side of the building for each tenant. Very large shed (see measurements on the survey). Just steps away, the scenic Tay Canal offers waterfront walks and links to the UNESCO-recognized Rideau Canal system. The duplex sits in Perth's walkable downtown, about 2 minutes from the Tay River Health Centre, Perth Medical Clinic, and Perth Family Medicine. Gore Street features more than 70 local boutiques, galleries, cafés, and specialty shops. Residents can also enjoy nearby trails along the Tay Canal, community events in Stewart Park, and local history at Last Duel Park, with farmers markets, the annual garlic festival, and the famous kilt run all just blocks away. Through the Tay Canal, Perth is connected to the Rideau Canal which is now the First World Heritage Site in the history of Ontario. Obtain your license to print money when you put your name on the deed. Property Taxes= $2,902.54 (2025) Water/Sewage= $1,954.02/Yr, Property Insurance = $3,047.04/Yr (id:65958)

Subtype: Single Family
Structure: House
Community: 907 - Perth
Common interest: Freehold
Lot dimensions: 55 x 144 FT
Bedrooms: 5 above grade
Parking: 5 total
Stories: 1.5
On market: Mar 9, 2026
Status changed: Apr 24, 2026
Annual tax: $2,903 (2025)
Photos: 41
MLS#: X12862550
Area: PERTH

Features and systems

Parking

Detached GarageGarage

Basement

UnfinishedCrawl space

Appliances

Water meterWater Heater - Tankless

Heating

Forced airNatural gas

Cooling

None

Exterior

WoodVinyl siding

Foundation

Concrete

Positive cash flow ~$1,039/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

17.82%

Cap rate

8.43%

GRM

8.8

Break-even rent

$2,206

Financing

Down payment$69,980

Loan amount$279,920

Mortgage$1,418/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$160

Insurance$80

Maintenance$292

CapEx reserve$146

Vacancy loss$165

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $1,418/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.