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$624,900
Peterborough
166 Dublin Street, Peterborough (Town Ward 3), Ontario, K9H3B5
This multi-family property in Peterborough is for sale offering roughly 2,750 sq ft of space. It has been on the market 8 days, fresher than the Peterborough average of 60 days.
Attention all savvy investors in the Peterborough area, Do not delay in getting out to see this massive brick 2 1/2 Story building north of Downtown and one property in from George Street and Transit to Trent University, in the heart of the Student Rental Area. The property has operated as a Residential Group Home with supporting offices for the past 20 years, but is zoned as a Duplex with two hydro meters and two separate entrances. Easily converted back and could be two 3 Bedroom Units. This could also be a great opportunity to operate student housing, with multiple bedrooms (7) and common areas, and three bathrooms. Parking for up to 4 cars at the rear of the building. Location would allow an easy walk into downtown for shopping and entertainment, with Transit Lines running north and south within a 100 meters of the property. The building has updated fire inspections from the City of Peterborough. The property is vacant and ready for immediate possession. The upper unit for a duplex will need an update to the kitchen as it was not used for the previous two decades of use. Come let your imagination bring this property to its full value as a prime investment to your portfolio. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Active: 8 days on market, against an average age of 60 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 38 days on the market over the past year, against a median of 48 days across the markets we publish.
This 7-bed multi-family in Peterborough (Town Ward 3) has been listed for 8 days, which is 52 days fresher than the city average of 60. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $624,900, about 9.8× the local median household income of $64,000.
Carrying it typically needs a household income of about $122,065 (20% down, 25-yr amortization, stress-tested) — roughly 91% above the area median.
Source: Statistics Canada, 2021 Census (FSA K9H)
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Loading rates, 30-yr amortization
Cash Needed to Close
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