4 beds · 3 baths · null
Approximately 7% Cap and ""Additional Residential Unit Potential"". This side-by-side triplex has 2 one bedroom units at 485 that are currently vacant. Both have been freshly painted and are ready for new tenants at market rents. The landlord pays utilities on this side. 487 is a two storey, two bedroom unit, with long term tenants that would like to stay. They pay $982 plus heat, hydro, water and sewer, as well as yard maintenance. The property has plenty of potential, as the lot is 240 feet deep. This would potentially allow for additional Residential Units to be build out back. Great potential here for the investor, or live in one unit and rent the others. Home Inspection available and easy to show. (Potential Buyers to consult the City of Peterborough regarding any ARU potential) (id:39198)
Building Type Triplex
Year built
Square Footage
Stories 2
Bedrooms 4
Bathrooms 3
Parking 6
NeighbourhoodOtonabee
Land size 48.84 x 240 FT
Heating type Forced air
Basement typeN/A (Unfinished)
Parking Type
Time on REALTOR.ca16 days
This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.
Brokerage Name: ROYAL LEPAGE FRANK REAL ESTATE
Home price
$485,000
Start with 2% down and save toward 5% in 3 years*
* Exact down payment ranges from 2-10% based on your risk profile and will be assessed during the full approval process.
$4,412 / month
Rent $3,901
Savings $510
Initial deposit 2%
Savings target Fixed at 5%
Start with 5% down and save toward 5% in 3 years.
$3,888 / month
Rent $3,782
Savings $106
Initial deposit 5%
Savings target Fixed at 5%