The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Attention all savvy investors in the Peterborough area, Do not delay in getting out to see this massive brick 2 1/2 Story building north of Downtown and one property in from George Street and Transit to Trent University, in the heart of the Student Rental Area. The property has operated as a Residential Group Home with supporting offices for the past 20 years, but is zoned as a Duplex with two hydro meters and two separate entrances. Easily converted back and could be two 3 Bedroom Units. This could also be a great opportunity to operate student housing, with multiple bedrooms (7) and common areas, and three bathrooms. Parking for up to 4 cars at the rear of the building. Location would allow an easy walk into downtown for shopping and entertainment, with Transit Lines running north and south within a 100 meters of the property. The building has updated fire inspections from the City of Peterborough. The property is vacant and ready for immediate possession. The upper unit for a duplex will need an update to the kitchen as it was not used for the previous two decades of use. Come let your imagination bring this property to its full value as a prime investment to your portfolio.
Demographic data is not available for this area yet.
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Age Groups
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Owners vs Renters
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Household Type
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What’s NearbyDistances approximate
No nearby school data is available for this listing.
Transit score information is not available for this listing.
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Always confirm school catchments with the local school board.
Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$2,788/mo
Mortgage (principal + interest)$2,338
Property taxFrom listing: $5,403/yr$450
Minimum $37,490 down for this price; the slider moves in whole percent, starting at 6%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$124,980
Ontario land transfer taxProvincial brackets, no first-time refund$8,973
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$136,753
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Peterborough has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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