266 Romaine Street, Peterborough (Town Ward 3), Ontario, K9J2C5




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$2,990,000
Peterborough
This multi-family property in Peterborough is for sale offering roughly 15,000 sq ft of space. It has been on the market 29 days, fresher than the Peterborough average of 61 days.
Excellent opportunity to acquire a quality purpose built 15-plex with convenient central location. Close to downtown, Lansdowne St., Memorial Center, Farmers Market, YMCA, parks, transit and many other community amenities. Multi-unit building includes 12-2 bedroom apartments and 3-1 bedroom apartments, on site laundry and tenants personal storage lockers on each floor. Also included is on site parking for 1 vehicle per apartment, fridge and stove in each unit and 4 apartments have walkout to balconies. There is a significant upside to rental income upon leasing turnover as current rents would see a 50%+ increase to present market rents. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 29 days on market, against an average age of 61 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 multi-family in Peterborough (Town Ward 3) has been listed for 29 days, which is 32 days fresher than the city average of 61. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $2,990,000, about 41.2× the local median household income of $72,500.
Carrying it typically needs a household income of about $584,052 (20% down, 25-yr amortization, stress-tested) — roughly 706% above the area median.
Source: Statistics Canada, 2021 Census (FSA K9J)
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Loading rates, 30-yr amortization
Cash Needed to Close
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