Located in the heart of Peterborough, this well-positioned fourplex offers strong immediate cash flow supported by reliable tenants. The property features a diverse unit mix consisting of one one-bedroom, two two-bedroom, and one three-bedroom unit, with the three-bedroom unit currently vacant and ready for lease at market rent. Once stabilized, the property is projected to achieve a 6.4% cap-rate. Each suite operates on individual baseboard electric heating, with Unit 1 uniquely equipped with its own furnace. All units have separate hot water tanks, and hydro is separately metered, with sub-panels installed for Units 3 and 4. All tenants are responsible for their own utilities, minimizing operating costs and improving net performance.With its balanced unit mix, solid rental structure, and strong in-place income, this property represents a turnkey investment opportunity in a growing and well-established community, ideal for investors seeking dependable returns and long-term stability.
Property Type:
Residential Freehold
Property Sub Type:
Triplex
Home Style:
3-Storey
Approx. Age:
100+
Total Approx Floor Area:
3500-5000
Lot Depth:
114'2"34.8 m
Lot Frontage:
39'11.9 m
Direction Faces:
West
Bedrooms:
8+0
Bathrooms:
4.0
Water supply:
Municipal
Kitchens:
4
Kitchens in Basement:
0
Bedrooms Above Grade:
8
Bedrooms Below Grade:
0
Kitchens Above Grade:
4
Rooms Above Grade:
20
Rooms Below Grade:
0
Zoning:
r4
Heating type:
Baseboard
Heating Fuel:
Electric
Foundation:
Concrete
Roof:
Asphalt Shingle
Basement:
Partially Finished
Fireplace/Stove:
Yes
Garage:
None
Garage Spaces:
0.0
Parking Spaces:
5
Total Parking Spaces:
5.0
Family Room:
No
Possession Details:
TBD
Pool:
None
HST Applicable To Sale Price:
In Addition To, Included In
Assessment Year:
2024
Taxes:
$5,247 /
2024
Assessment:
$- /
2024
Peterborough
Peterborough
Town Ward 3
Separate Hydro Meter
4 Hot Water tanks, Expenses can be found in investors package
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