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Investment signal

$849,000

51 & 53 FOSTER STREET

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Beds

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Baths

Sqft

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Year

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Type

Retail

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

Attention Investors! This 4 apartment, 1 Retail building with great net operating income is an investor's dream. 3 one bedroom units (with den), 1 two bedroom unit, and a commercial unit at street level. Located in the heart of downtown heritage Perth, Great foot traffic, walk to everything Perth offers. Building is well kept and perfect to add to your investment portfolio. Clean quiet building with long term tenants. Turn Key investment opportunity. Interior pics available. (id:65958)

Subtype: Retail
Structure: Residential Commercial Mix
Community: 907 - Perth
Living area: 0 square feet
Lot dimensions: 30 x 77 FT
On market: Feb 21, 2026
Status changed: Apr 24, 2026
Annual tax: $10,241
Zoning: Commercial
Photos: 8
MLS#: X12808848
Area: PERTH

Features and systems

Heating

Hot water radiator heatBaseboard heatersNatural gas

Cooling

Partially air conditioned

Negative cash flow ~$934/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

-6.60%

Cap rate

3.54%

GRM

16.6

Break-even rent

$5,233

Financing

Down payment$169,800

Loan amount$679,200

Mortgage$3,441/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$389

Insurance$80

Maintenance$708

CapEx reserve$354

Vacancy loss$213

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 $3,441/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.