Gurvinder Nokwal REALTOR®
For Sale Multiplex 550 days on market

$1,595,000

Est. payment $7,062/moCalculate yours

16904 HIGHWAY 7 Highway, Drummond/North Elmsley, ON K7H 3C8

908 - Drummond N Elmsley (Drummond) Twp, Drummond/North Elmsley, ON K7H 3C8

  • 12 Beds
  • 6 Baths
Map

Listing courtesy of ROYAL LEPAGE TEAM REALTY MLS® X12091123

About this home

Here’s an opportunity to develop a mixed use residential (zoned R4) property just 1 km east of the town of Perth. Take advantage of all the amenities Perth has to offer by building immediately next to its neighbouring township. This 15.594 acre lot currently established with a multi-residential 6 unit and 2 single dwelling properties fronting the highway and are being sold “where-is, as-is” ready for your development plans -the brown bungalow fronting the highway is perfect for a site office along with a steel shed with a garage door for equipment storage.. The second parcel at 16918 is single dwelling is also being sold “as-is, where-is” and measures .442acres. The land is level and dry, there is no surface water on the property. There is also an older environmental study for the 16904 parcel which indicated the property as clean. 24 Hrs. irrevocable please. *** All persons wishing to access to the property must be be accompanied by a Realtor ***

Property details

Overview

Property Type
Multiplex
Style
2-Storey
For
For Sale
Status
Extension
Size
< 700 sqft

Interior

Bedrooms
12
Bathrooms
6
Kitchens
0
Basement
Separate Entrance

Building & Systems

Heating
Forced Air (Propane)
Cooling
None
Exterior
Aluminum Siding
Foundation
Concrete Block
Roof
Unknown
Water
Well
Sewer
Septic

Lot & Parking

Lot Size
228.05 x 1147 Feet
Parking
None garage
Zoning
R4

Financial

Property Taxes
$3,232 (2024)

Location

Neighbourhood
908 - Drummond N Elmsley (Drummond) Twp
Cross Street
Highway 7 just approximately 1 KM east before the Perth sign. Use google maps with address 16904 Highway 7, Perth. The property is directly across the highway from a self storage facility.
Direction Faces
South

Listing

MLS® Number
X12091123
Days on Market
550
Listed On
2025-04-16
Possession
Immediate
Listed By
ROYAL LEPAGE TEAM REALTY

Features

Interior

  • None

Property

  • Golf

Pool

  • None

Mortgage calculator

Minimum for this price: $319,000 (20%)

Amortization, years

Estimated mortgage payment

$7,062 per month

Principal and interest
$7,062
Property tax
$269
Estimated monthly cost
$7,332

Your mortgage

Mortgage amount
$1,276,000
Mortgage insurance
Not needed
Interest over 25 years
$842,694

Cash to close

Down payment
$319,000
Land transfer tax
$28,375
Total, before legal fees
$347,375
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

16904 HIGHWAY 7 Highway, Drummond/North Elmsley, ON K7H 3C8 908 - Drummond N Elmsley (Drummond) Twp, Drummond/North Elmsley, ON K7H 3C8
Open in Google Maps

Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$1,595,000 16904 HIGHWAY 7 Highway, Drummond/North Elmsley, ON K7H 3C8
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