FOR SALE
$599,900
541 River, Peterborough, ON, K9J 1E6
4
2
1100-1500
About the Property
Attention Investors! Exceptional opportunity to acquire a purpose-built fourplex in the heart of Peterborough with significant upside potential. The property features four self-contained units, consisting of one 1-bedroom unit, two 2-bedroom units, and one 3-bedroom unit, offering excellent flexibility for investors or owner-occupants.Currently, one unit is leased for $1,750 per month, with the remaining units vacant, providing the opportunity to lease at current market rents or occupy one unit while generating rental income from the others.Each unit features separate electric baseboard heating, with Unit 1 also benefiting from its own forced-air furnace. The property is separately metered for hydro, with sub-panels servicing Units 3 and 4, allowing tenants to pay their own utilities and helping to minimize operating expenses.Ideally located close to schools, shopping, public transit, parks, and all major amenities, this property offers strong income potential and an excellent opportunity to build long-term equity in a growing rental market.
Whether you're looking to expand your investment portfolio or live in one unit while renting the others, this is a property you won't want to miss.Book your private showing today!
Property Details
MLS#:
X13579728
Status:
For Sale
Property Type:
Fourplex
Central A/C:
About the Property
Attention Investors! Exceptional opportunity to acquire a purpose-built fourplex in the heart of Peterborough with significant upside potential. The property features four self-contained units, consisting of one 1-bedroom unit, two 2-bedroom units, and one 3-bedroom unit, offering excellent flexibility for investors or owner-occupants.Currently, one unit is leased for $1,750 per month, with the remaining units vacant, providing the opportunity to lease at current market rents or occupy one unit while generating rental income from the others.Each unit features separate electric baseboard heating, with Unit 1 also benefiting from its own forced-air furnace. The property is separately metered for hydro, with sub-panels servicing Units 3 and 4, allowing tenants to pay their own utilities and helping to minimize operating expenses.Ideally located close to schools, shopping, public transit, parks, and all major amenities, this property offers strong income potential and an excellent opportunity to build long-term equity in a growing rental market.
Whether you're looking to expand your investment portfolio or live in one unit while renting the others, this is a property you won't want to miss.Book your private showing today!
Property Details
MLS#:
X13579728
Status:
For Sale
Property Type:
Fourplex
Central A/C:
No
Bedrooms:
8
Heating Fuel:
Baseboard
Bathrooms:
4
Heating Type:
Baseboard
Parking:
5 Spots
Cross Street:
Aylmer St N / McDonnel St
Basement:
Partially Finished
No
Bedrooms:
8
Heating Fuel:
Baseboard
Bathrooms:
4
Heating Type:
Baseboard
Parking:
5 Spots
Cross Street:
Aylmer St N / McDonnel St
Basement:
Partially Finished
Maintenance:
Exterior:
Brick Veneer
Possession Date:
Maintenance:
Exterior:
Brick Veneer
Possession Date: