$749,900

For sale

577 Homewood Avenue, Peterborough (Town Ward 3) - Multi-family for Sale

577 Homewood Avenue, Peterborough (Town Ward 3), Ontario, K9J4V9

5 beds2 baths2 parking1,750 ft²46 × 149 ft (6,860 sq ft) lot sizeListed 57 days ago

Overview

This multi-family property in Peterborough is for sale offering roughly 1,750 sq ft of space. It has been on the market 57 days, fresher than the Peterborough average of 61 days.

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

Description

Welcome to this charming duplex in the heart of the Avenues! Featuring two beautifully updated 2-bedroom units, this property offers an incredible opportunity for homeowners and investors alike. With two new kitchens, new windows, tall ceilings, generous living spaces, and a detached garage, much of the work has already been done. Move into one unit and enjoy the added income from the other, or add a fantastic duplex to your investment portfolio. Ideally located within walking distance to everyday amenities, close to the hospital, parks, transit and some of the area's most sought-after schools. Character, location and income potential - all in one beautiful property. (id:66096)

Property Details

MLS®: X13752798
Property Type: Multi-family
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 1,750 ft²
Lot Size: 46 × 149 ft (6,860 sq ft)
Frontage: 46 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Property Tax: $6,804/yr
Listed: 57 days ago

Rooms

Main level

Foyer: 1.75 x 1.83 meters
Living room: 4.83 x 5.16 meters
Kitchen: 3.01 x 3.58 meters
Bedroom: 2.62 x 3.37 meters
Primary Bedroom: 3.9 x 4.44 meters
Bedroom: 3.33 x 2.34 meters
Bathroom: 1.95 x 1.53 meters

Second level

Bathroom: 1.5 x 2.51 meters
Bedroom: 3.07 x 4.42 meters
Bedroom: 2.58 x 2.71 meters

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Microwave, Water Heater
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

57d

Peterborough (Town Ward 3) listings, avg age

61d

Price / ft²

$429

List price

$750K

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 5-bed multi-family in Peterborough (Town Ward 3) has been listed for 57 days, which is 4 days fresher than the city average of 61. Act while there is still low competition.

Set a price alert Book a showing

Listed by Century 21 United Realty Inc. · Niki Allday

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K9J)

This home lists at $749,900, about 10.3× the local median household income of $72,500.

Carrying it typically needs a household income of about $146,482 (20% down, 25-yr amortization, stress-tested) — roughly 102% 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)

$749,900· $429/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 Payment6.67% · $49,990.00

Min 6.67%50%

Mortgage payment$3,880/mo

↳ CMHC premium ($27,996 capitalized)

Property tax (est.)$567/mo

Total monthly$4,447

Cash Needed to Close

Down payment (6.67%)$49,990

Land transfer tax$11,473

Est. closing costs$4,750

Total cash needed$66,213

Get Pre-Approved · Free & Fast

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

Rental cashflow calculator