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$ 975,000
Est. payment | /mo
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Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Town Ward 3
MLS Listing ID X12469716
Annual Tax Amount $5,247
Tax Year 2024
Property Sub-Type Investment
Property Description
Located in the heart of Peterborough, this well-positioned fourplex offers strong immediate cash flow supported by reliable tenants. The property features a diverse unit mix consisting of one one-bedroom, two two-bedroom, and one three-bedroom unit, with the three-bedroom unit currently vacant and ready for lease at market rent. Once stabilized, the property is projected to achieve a 6.4% capitalization rate.Each suite operates on individual baseboard electric heating, with Unit 1 uniquely equipped with its own furnace. All units have separate hot water tanks, and hydro is separately metered, with sub-panels installed for Units 3 and 4. All tenants are responsible for their own utilities, minimizing operating costs and improving net performance.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.
Location
Province ON
County Peterborough
Community Town Ward 3
Area Peterborough
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 39.0
Lot Depth 114.16
Others
ParcelsYN No
Listed by EXP REALTY
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