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$ 475,000
Est. payment /mo
New
287 Stewart ST Peterborough, ON K9J 3N2
4 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Town Ward 3
MLS Listing ID X13514564
Style 2-Storey
Bedrooms 4
Annual Tax Amount $5,378
Tax Year 2025
Property Sub-Type Fourplex
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.
Location
Province ON
County Peterborough
Area Peterborough
Rooms
Family Room Yes
Basement Crawl Space
Kitchen 4
Interior
Interior Features Water Heater Owned
Cooling None
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 54.12
Lot Depth 108.24
Total Parking Spaces 6
Building
Foundation Prefabricated
Others
ParcelsYN No
Listed by RE/MAX HALLMARK EASTERN REALTY