$600,000

For sale

284-288 Brock Street, Peterborough (Town Ward 3) - Multi-family for Sale

284-288 Brock Street, Peterborough (Town Ward 3), Ontario, K9H2R1

8 beds4 baths3 parking3,250 ft²59 × 72 ft (4,283 sq ft) lot sizeListed 44 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 44 days, fresher than the Peterborough average of 61 days.

Multi-Family Properties for Sale in Peterborough →All real estate in Peterborough →

Description

Welcome to 284-288 Brock Street, a great opportunity for investors or buyers looking to offset their mortgage with rental income. This triplex features one spacious 4-bedroom unit and two 2-bedroom units. Both 2-bedroom units are currently occupied, providing immediate rental income, while the 4-bedroom unit is vacant and ready for immediate occupancy. Move into the larger unit and let the rental income help pay down your mortgage, or add the property to your investment portfolio and rent all three units. With a 6.7% cap rate, this property offers an attractive income opportunity. Additional features include storage units and on-site parking, adding convenience for both owners and tenants. A versatile property with income already in place and plenty of options for its next owner. A prelisting home inspection has been completed by AmeriSpec for your peace of mind. Floor plans and video tours are available for your convenience through the BROCHURE BUTTON on realtor.ca. Book your private showing today! (id:66096)

Property Details

MLS®: X13808512
Property Type: Multi-family
Zoning: R3
Bedrooms: 8
Beds (above / below): 8 above · 0 below
Bathrooms: 4
Parking: 3
Interior Size: 3,250 ft²
Lot Size: 59 × 72 ft (4,283 sq ft)
Frontage: 59 ft
Storeys: 2
Basement: Crawl space, None
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $5,214/yr
Listed: 44 days ago

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Foundation: Stone
Exterior: Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

44d

Peterborough (Town Ward 3) listings, avg age

61d

Price / ft²

$185

List price

$600K

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 8-bed multi-family in Peterborough (Town Ward 3) has been listed for 44 days, which is 17 days fresher than the city average of 61. Act while there is still low competition.

Set a price alert Book a showing

Listed by RE/MAX HALLMARK EASTERN REALTY · Wade Hamblin

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K9H)

This home lists at $600,000, about 9.4× the local median household income of $64,000.

Carrying it typically needs a household income of about $117,201 (20% down, 25-yr amortization, stress-tested) — roughly 83% above the area median.

Median household income: $64,000
Population: 29,704
Median age: 42
Owner / renter: 53% / 47%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA K9H)

$600,000· $185/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment5.83% · $35,000

Min 5.83%50%

Mortgage payment$3,132/mo

↳ CMHC premium ($22,600 capitalized)

Property tax (est.)$435/mo

Total monthly$3,567

Cash Needed to Close

Down payment (5.83%)$35,000

Land transfer tax$8,475

Est. closing costs$4,300

Total cash needed$47,775

Get Pre-Approved · Free & Fast

Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

Rental cashflow calculator