11 Argyle Street, Peterborough (Northcrest Ward 5), Ontario, K9H7M2

For sale

33 days ago

$799K

11 Argyle Street, Peterborough (Northcrest Ward 5), Ontario, K9H7M2

6 bd4 ba4 pk2,750 ft²Lot size 128 × 107 ft (13,696 sq ft)

Listed by RE/MAX HALLMARK EASTERN REALTY

813 Water Street, Peterborough (Northcrest Ward 5), Ontario, K9H3N7

For sale

33 days ago

$875K

813 Water Street, Peterborough (Northcrest Ward 5), Ontario, K9H3N7

5 bd4 ba9 pk4,250 ft²Lot size 169 × 180 ft (30,420 sq ft)

Listed by RE/MAX HALLMARK EASTERN REALTY

Investment analysis

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$1,673,900

Peterborough

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$1,673,900

For sale

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Argyle Street, Peterborough (Northcrest Ward 5) - Multi-family for Sale

Argyle Street, Peterborough (Northcrest Ward 5), Ontario, K9H3N7

10 beds7 baths11 parking5,000+ ft²180 × 175 ft (31,500 sq ft) lot sizeListed 33 days ago

Overview

This multi-family property in Peterborough is for sale. It has been on the market 33 days, fresher than the Peterborough average of 50 days.

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

Description

Well-maintained 7-unit apartment building landmark investment opportunity available in central Peterborough location. Two buildings which include 7 individual apartments, each with their own entrances, hydro meters, fridges, and stoves. 2-car detached garage and large paved circular drive. 4,125 Sq. Ft building and 3,552 Sq. Ft. building included in this offer. 813 Water St has an updated roof. Current apartment setup for these buildings is 4 x 1-bedroom units, 2 x 2-bedroom units, and 1 x 4-bedroom unit. Excellent investment opportunity that is situated on a large level .65-acre lot with development potential/ space for additional units to be built.(Rent Amounts - Apt 1 - $1,625, Apt 2 - $1,250, Apt 3 - $1,625, Apt 4 - $1,300 + 4 Bedroom - $2,700, 813A - $1,300, 820 - $1,150). Great investment opportunity with strong gross income potential of $132,600. (id:66096)

Property Details

MLS®: X13855338
Property Type: Multi-family
Zoning: SP.223 & SP.233
Bedrooms: 10
Beds (above / below): 5 above · 5 below
Bathrooms: 7
Half Baths: 1
Parking: 11
Interior Size: 5,000+ ft²
Lot Size: 180 × 175 ft (31,500 sq ft)
Frontage: 180 ft
Storeys: 2
Basement: Unfinished, Other, See Remarks, N/A, N/A
Heating: Baseboard heaters, Forced air, Electric, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Fireplace: Yes

Features

Appliances: Refrigerator, Stove, Dryer, Two Washers
Foundation: Stone
Exterior: Brick
Lot Features: Level lot, Flat site, Dry, Level

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

33d

Peterborough (Northcrest Ward 5) listings, avg age

50d

List price

$1.67M

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 10-bed multi-family in Peterborough (Northcrest Ward 5) has been listed for 33 days, which is 17 days fresher than the city average of 50. Act while there is still low competition.

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Listed by RE/MAX HALLMARK EASTERN REALTY · Grant Gibson

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K9H)

This home lists at $1,673,900, about 26.2× the local median household income of $64,000.

Carrying it typically needs a household income of about $326,971 (20% down, 25-yr amortization, stress-tested) — roughly 411% 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)

$1,673,900

For sale

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Full Cost Breakdown

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Down Payment20% · $334,780

Min 20%50%

Mortgage payment$7,139/mo

Property tax (est.)$1,049/mo

Total monthly$8,188

Cash Needed to Close

Down payment (20%)$334,780

Land transfer tax$29,953

Est. closing costs$7,522

Total cash needed$372,255

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