$819,900

For sale

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538 Crystal Drive, Peterborough (Ashburnham Ward 4) - Multi-family for Sale

538 Crystal Drive, Peterborough (Ashburnham Ward 4), Ontario, K9J8H1

6 beds3 baths6 parking ft²

546 Crystal Drive, Peterborough (Ashburnham Ward 4), Ontario, K9J8H1

6 bd3 ba6 pk2,250 ft²Lot size 106 × 156 ft (16,557 sq ft)

Listed by Century 21 United Realty Inc.

Investment analysis

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$819,900

Peterborough

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Overview

This multi-family property in Peterborough is for sale offering roughly 2,250 sq ft of space. It has been on the market 19 days, fresher than the Peterborough average of 49 days.

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

Description

Welcome to 538 Crystal Drive! This all-brick triplex is a great investment opportunity located in the South End of Peterborough. Each of the three spacious 2-bedroom apartments has its own private entrance. This large property with potential for expansion includes a shared laundry room located on the lower level for added tenant convenience. Close to major highways, making it highly desirable for commuters and renters alike. This triplex checks all the boxes! (id:66096)

Property Details

MLS®: X14089122
Property Type: Multi-family
Bedrooms: 6
Beds (above / below): 4 above · 2 below
Bathrooms: 3
Parking: 6
Interior Size: 2,250 ft²
Lot Size: 106 × 148 ft (15,688 sq ft)
Frontage: 106 ft
Storeys: 2
Basement: Finished, Full
Heating: Baseboard heaters, Electric
Cooling: None
Garage: No Garage
Property Tax: $5,097/yr
Listed: 19 days ago

Market Timing

Days on market

19d

Peterborough (Ashburnham Ward 4) listings, avg age

49d

Price / ft²

$364

List price

$820K

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.

Area context

Neighbourhood profile (K9J)

This home lists at $819,900, about 11.3× the local median household income of $72,500.

Carrying it typically needs a household income of about $160,155 (20% down, 25-yr amortization, stress-tested) — roughly 121% 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)

$819,900· $364/ft²

For sale

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Full Cost Breakdown

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Down Payment6.95% · $56,990

Min 6.95%50%

Mortgage payment$4,230/mo

↳ CMHC premium ($30,516 capitalized)

Property tax (est.)$425/mo

Total monthly$4,654

Cash Needed to Close

Down payment (6.95%)$56,990

Land transfer tax$12,873

Est. closing costs$4,960

Total cash needed$74,823

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538 Crystal Drive, Peterborough (Ashburnham Ward 4) - Multi-family for Sale

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Description

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Neighbourhood profile (K9J)

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