$575,000

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292-294 Townsend Street, Peterborough (Town Ward 3) - Multi-family for Sale

292-294 Townsend Street, Peterborough (Town Ward 3), Ontario, K9J2K7

4 beds4 baths5 parking2,250 ft²53 × 80 ft (4,259 sq ft) lot sizeListed 70 days ago

Overview

This multi-family property in Peterborough is for sale offering roughly 2,250 sq ft of space.

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Description

Incredible investment opportunity in the heart of Peterborough! This clean, well maintained 4-plex is a rare find - offering a total of 4 self contained units; bright 1 bedroom apartments. The property is fresh, clean, and fully tenanted which offers immediate cash flow. Ample parking for tenants. Steps to parks trails, the river, and vibrant village amenities. Easy access to downtown, Hwy 115 and Trent University. 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. A true turn-key property in a prime location - don't miss this one! (id:66096)

Property Details

MLS®: X13717138
Property Type: Multi-family
Zoning: R2
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 4
Parking: 5
Interior Size: 2,250 ft²
Lot Size: 53 × 80 ft (4,259 sq ft)
Frontage: 53 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $5,502/yr
Listed: 70 days ago

Rooms

Main level

Living room: 4.29 x 3.55 meters
Kitchen: 3.4 x 2.86 meters
Primary Bedroom: 3.54 x 2.84 meters
Living room: 4.04 x 3.56 meters
Kitchen: 3.39 x 2.86 meters
Primary Bedroom: 3.53 x 3.4 meters

Second level

Kitchen: 3.49 x 2.85 meters
Primary Bedroom: 3.48 x 2.98 meters
Living room: 3.62 x 2.95 meters
Kitchen: 2.89 x 2.38 meters

Features

Appliances: Refrigerator, Stove
Flooring: Laminate, Carpeted, Ceramic
Foundation: Stone
Exterior: Brick
Lot Features: Irregular lot size

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

70d

Peterborough (Town Ward 3) listings, avg age

60d

Price / ft²

$256

List price

$575K

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 4-bed multi-family in Peterborough (Town Ward 3) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by CENTURY 21 LEADING EDGE REALTY INC. · NICOLE VARGAS ALFONSO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K9J)

This home lists at $575,000, about 7.9× the local median household income of $72,500.

Carrying it typically needs a household income of about $112,318 (20% down, 25-yr amortization, stress-tested) — roughly 55% 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)

$575,000· $256/ft²

For sale

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Full Cost Breakdown

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Down Payment5.65% · $32,500

Min 5.65%50%

Mortgage payment$3,008/mo

↳ CMHC premium ($21,700 capitalized)

Property tax (est.)$459/mo

Total monthly$3,466

Cash Needed to Close

Down payment (5.65%)$32,500

Land transfer tax$7,975

Est. closing costs$4,225

Total cash needed$44,700

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292-294 Townsend Street, Peterborough (Town Ward 3) - Multi-family for Sale

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (K9J)

Book a showing

Full Cost Breakdown