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.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
4356 sq. ft. Acres
Total Area:
4,356 sq. ft.405 m2
Lot Depth:
114'2"34.8 m
Lot Frontage:
39'11.9 m
Water supply:
Municipal
Zoning:
R4
Heating type:
Baseboard
Garage:
None
Possession Details:
TBD
HST Applicable To Sale Price:
Included In
Assessment Year:
2024
Type Taxes:
Annual
Taxes:
$5,247 /
2024
Assessment:
$- /
2024
Peterborough
Peterborough
Town Ward 3
4 HWT tanks - amount provided in Financials on Package
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