287 Stewart Street, Peterborough, ON K9J 3N2
- $475,000
- 4
- BD
- 4
- BA
- 2,000
- SqFt
- List Price
- $475,000
- MLS#
- X13514564
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Fourplex
- Style
- 2-Storey
- Bedrooms
- 4
- Bathrooms
- 4
- Living Area
- 2000-2500
- Province
- ON
- Municipality
- Peterborough
- Area
- Peterborough
- Neighborhood
- Town Ward 3
- Subdivision
- King Street
Property Description
Incredible investment opportunity in the heart of Peterborough! Offered at $499,000, this centrally located four-plex presents immediate upside potential for investors or owner-occupiers alike. Featuring three occupied units generating current rental income plus one vacant 2-bedroom unit ready for a new tenant at market rent, this property offers the perfect opportunity to increase cash flow from day one. Unit breakdown includes: Vacant 2-bedroom unit with estimated market rent potential of approximately $1,750/month Three additional tenanted 1-bedroom units currently generating approximately $2,228/month combined. Projected market rents offer excellent future income potential for savvy investors looking to add value over time. Each unit is individually metered for hydro and water, helping reduce operating expenses and simplify management. The property also features ample parking with four rear parking spaces plus additional front driveway parking. Conveniently located close to downtown, transit, schools, and everyday amenities, this versatile multi-unit property is a rare opportunity to secure a strong income-producing asset with long-term growth potential.
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Additional Information
- Taxes
- $5,378
- Heat Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning
- None
- Family Room
- Yes
- Kitchens
- 4
- Exterior
- Brick
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 6
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Listing courtesy of RE/MAX HALLMARK EASTERN REALTY.