Description

 Price: $ 499,000.00 MLS^®: X13070424         Location : 287 Stewart Street, Peterborough, ON K9J 3N2

Incredible investment opportunity in the heart of Peterborough! Offered at $499,000, this centrally located four-plex presents immediate upside potential for investors or owner-occupiers alike. Featuring three occupied units generating current rental income plus one vacant 2-bedroom unit ready for a new tenant at market rent, this property offers the perfect opportunity to increase cash flow from day one. Unit breakdown includes: Vacant 2-bedroom unit with estimated market rent potential of approximately $1,750/month Three additional tenanted 1-bedroom units currently generating approximately $2,228/month combined. Projected market rents offer excellent future income potential for savvy investors looking to add value over time. Each unit is individually metered for hydro and water, helping reduce operating expenses and simplify management. The property also features ample parking with four rear parking spaces plus additional front driveway parking. Conveniently located close to downtown, transit, schools, and everyday amenities, this versatile multi-unit property is a rare opportunity to secure a strong income-producing asset with long-term growth potential.

Location Description

King Street

Property Details

• Community: Town Ward 3
• Property Type: Tenant/Residential Freehold
• Bedrooms: 4
• Bath: 4
• Garages: None

Building Features

• Foundation Type: Prefabricated
• Construction Material: Brick
• Total Parking Space: 6

Features

• Heating: Forced Air Gas
• Sewer: Sewer ,