$699,900

For sale

226 Lake Street, Peterborough (Town Ward 3) - Multi-family for Sale

226 Lake Street, Peterborough (Town Ward 3), Ontario, K9J3J1

7 beds3 baths4 parking3,250 ft²91 × 79 ft (7,189 sq ft) lot sizeListed 43 days ago

Overview

This multi-family property in Peterborough is for sale offering roughly 3,250 sq ft of space. It has been on the market 43 days, fresher than the Peterborough average of 61 days.

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Description

Located a block from Little Lake and many amenities, this well-kept triplex combines 4 Aylmer, 6 Aylmer, and 226 Lake Street into one solid building. 6 Aylmer is a 3-bedroom, 1-bathroom unit with high ceilings, a large eat-in kitchen, a spacious living room, and updated windows in 2007. At the entrance it opens into a handy workshop/mudroom area-currently used by a great tenant of 40 years. It has solid bones and will just need basic paint and flooring whenever the tenant eventually moves out. 4 Aylmer Street is a fully renovated 2-bedroom upper unit that will be vacant soon. It features a new kitchen, new flooring, new bathroom, new windows and new door (2023), and washer/dryer hookups. 226 Lake Street is a 2-bedroom main-floor unit with plenty of recent updates, including new windows and doors (2019), flooring (2021), and an updated kitchen and bath in good shape. The building is clean and easy to manage, featuring a roof replaced in 2021, updated PEX plumbing, owned hot water heater in two units, and separate meters for gas, hydro, and water. Overall, it's a super clean, well-set-up property with reliable tenants. (id:66096)

Property Details

MLS®: X13813468
Property Type: Multi-family
Zoning: C1
Bedrooms: 7
Beds (above / below): 7 above · 0 below
Bathrooms: 3
Parking: 4
Interior Size: 3,250 ft²
Lot Size: 91 × 79 ft (7,189 sq ft)
Frontage: 91 ft
Storeys: 2
Basement: Partial
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $5,422.16/yr
Listed: 43 days ago

Rooms

Main level

Bedroom: 4.55 x 2.59 meters
Bedroom 2: 1.5 x 2.57 meters
Kitchen: 3.33 x 3.05 meters
Living room: 3.66 x 3.05 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Refrigerator, Stove, Water Heater
Foundation: Stone
Exterior: Brick
Lot Features: Irregular lot size, Flat site

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

43d

Peterborough (Town Ward 3) listings, avg age

61d

Price / ft²

$215

List price

$700K

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.

Haho

This 7-bed multi-family in Peterborough (Town Ward 3) has been listed for 43 days, which is 18 days fresher than the city average of 61. Act while there is still low competition.

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Listed by Royal LePage Frank Real Estate · Susan Bowie

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K9J)

This home lists at $699,900, about 9.7× the local median household income of $72,500.

Carrying it typically needs a household income of about $136,715 (20% down, 25-yr amortization, stress-tested) — roughly 89% above the area median.

Median household income: $72,500
Population: 44,547
Median age: 44
Owner / renter: 62% / 38%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA K9J)

$699,900· $215/ft²

For sale

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Full Cost Breakdown

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Down Payment6.43% · $44,990.00

Min 6.43%50%

Mortgage payment$3,631/mo

↳ CMHC premium ($26,196 capitalized)

Property tax (est.)$452/mo

Total monthly$4,083

Cash Needed to Close

Down payment (6.43%)$44,990

Land transfer tax$10,473

Est. closing costs$4,600

Total cash needed$60,063

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