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$529,900
Peterborough
818 Orpington Road, Peterborough (Otonabee Ward 1), Ontario, K9J7X5
This multi-family property in Peterborough is for sale offering roughly 900 sq ft of space. It has been on the market 16 days, fresher than the Peterborough average of 62 days.
INVEST, LIVE, OR BOTH! Welcome to 818 Orpington, a fantastic opportunity to own a fully tenanted, legal two-unit property offering immediate rental income and long-term flexibility. Generating $4,148 per month in gross rental income ($49,776 annually), this property features a beautifully updated main-floor unit currently renting for $2,349/month and a legal lower level apartment with a separate entrance renting for $1,799/month. Whether you're an investor looking to expand your portfolio or a future homeowner interested in living in one unit while rental income from the other helps offset mortgage costs, this property offers options to suit your goals. The updated upper level showcases modern finishes and a welcoming living space, while the self-contained lower apartment provides additional income potential. Situated near a quiet cul-de-sac, backing onto greenspace and a walking trail, the property offers an appealing balance of convenience and natural surroundings. Enjoy proximity to schools, shopping, parks, public transit and easy access to Highway 115. With potential for an additional coach house, subject to municipal approvals, there may be further opportunities to maximize the property's value. Two legal units, established rental income and future potential - 818 Orpington is an opportunity worth exploring! Additional income and property details are available. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Active: 16 days on market, against an average age of 62 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 5-bed multi-family in Peterborough (Otonabee Ward 1) has been listed for 16 days, which is 46 days fresher than the city average of 62. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $529,900, about 7.3× the local median household income of $72,500.
Carrying it typically needs a household income of about $103,508 (20% down, 25-yr amortization, stress-tested) — roughly 43% 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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