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The Old Perth Shoe Factory 1 Sherbrooke St E 45,000 SF 100% Leased Office Building Perth, ON K7H 1A1 $5,400,000 CAD ($120 CAD/SF)

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INVESTMENT HIGHLIGHTS

Prime Location: Steps from Perth’s historic downtown, benefiting from strong visibility and local demand.
Income & Upside: Stable in-place tenants with four additional leasable spaces, including two at grade.

Historic Character: A 1905 landmark featuring exposed brick, polished concrete floors, and high ceilings.
Investment Appeal: A turnkey mixed-use asset offering immediate cash flow and long-term growth potential.

EXECUTIVE SUMMARY

Just steps from Perth’s historic downtown, the Old Perth Shoe Factory is a 45,000 sq. ft. beautifully restored mixed-use commercial building offering a rare investment opportunity. Originally built in 1905, this architecturally significant landmark has been thoughtfully repositioned for modern commerce while preserving its historic character through exposed brick walls, polished concrete floors, and soaring ceilings. The property benefits from several stable tenants providing immediate income, with four additional leasable spaces—two at grade—offering upside potential. Supported by strong local demand and long-term rental prospects, this mid-sized commercial asset delivers a compelling combination of turnkey stability, income growth, and enduring heritage appeal.

PROPERTY FACTS

Sale Type

Investment

Property Type

Office

Building Size

45,000 SF

Building Class

Year Built

1905

Price

$5,400,000 CAD

Price Per SF

$120 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

3 Stories

Typical Floor Size

15,000 SF

Building FAR

0.45

Lot Size

2.28 AC

Zoning

C5-1

Parking

100 Spaces (2.22 Spaces per 1,000 SF Leased)

Signage

SPACE AVAILABILITY

SPACE
SIZE
SPACE USE
CONDITION
AVAILABLE

1st Fl-Ste 170
2,200 SF
Office
Full Build-Out
30 Days

Unit 170: Main Floor. 2,200 square feet. $10.50/square foot. $4.50/month CAM (exterior maintenance, common area maintenance, property tax, building insurance). + Hydro + Natural Gas + Water. Two bathrooms and a kitchen are already installed.

2nd Fl-Ste 240
3,950 SF
Office
Shell Space
30 Days

Unit 240: 3,950 square feet. $10.50/square foot. $4.50/month CAM (exterior maintenance, common area maintenance, property tax, building insurance). + Hydro + Natural Gas + Water. This unit is a blank space featuring 11+ foot ceilings and exposed brick throughout. It will need utility connections, washrooms, etc.

2nd Fl-Ste 250
2,050 SF
Office
Shell Space
30 Days

Unit 250: 2,050 square feet. $10.50/square foot. $4.50/month CAM (exterior maintenance, common area maintenance, property tax, building insurance). + Hydro + Natural Gas + Water. This unit is a blank space featuring 11+ foot ceilings and exposed brick throughout. It will need utility connections, washrooms, etc.

2nd Fl-Ste 302-303
1,100 SF
Office
Shell Space
30 Days

Unit 302-303: Approximately 1,100 square feet, $2,100/per month (all in cost, including utilities). Would be great for a small office (professional and creative environment) or an artist. One bathroom is included.

Space	Size	Space Use	Condition	Available
1st Fl-Ste 170	2,200 SF	Office	Full Build-Out	30 Days
2nd Fl-Ste 240	3,950 SF	Office	Shell Space	30 Days
2nd Fl-Ste 250	2,050 SF	Office	Shell Space	30 Days
2nd Fl-Ste 302-303	1,100 SF	Office	Shell Space	30 Days