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    For Sale - 185 Parkhill Road, Peterborough, Ontario

    Est payment $3,841/mo
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    Time on Jump  6 day

    AI Summary *

    • Strong cash flow potential, either by living in one unit or renting all.
    • Extensively renovated with updates to roofs, windows, and interiors over 15 years.
    • Four 2-bedroom units, each with private fenced yards and parking spaces.
    • Central location close to amenities, public transit, and local colleges.
    • Well-maintained property with a high CAP rate and long-term rental appeal.




    Fantastic 7. 26% cap rate! Live in one unit + cash flow ~ $1,300/month, or rent all 4 for +$3,000/month cash flow! Rare opportunity to own an exceptionally maintained, turnkey 4-plex cash cow in peterborough on nearly an acre - professionally managed & offered for sale for the first time in 28 years. Potential income of ~$85,628 (close to finalizing the 4th lease). Extensively renovated inside & out over the past 15 years, including metal roofs, windows, electrical wiring & panels, plumbing, drywall, vinyl siding, furnaces, central air conditioners, full interior renovations, attractive decks, fences & much more. Units #2 & #4 are single-storey 2-bed, 1-bath units w/partial basements. Units #6 & #8 are spacious 1. 5-storey 2-bed, 1-bath units featuring large primary bedrooms on the 2nd floor, partial basements w/laundry rooms. Each unit enjoys its own private, fully fenced backyard & 2 parking spaces. A well-maintained, substantially updated 4-plex offering the combination investors look for: strong cash flow, four 2-bedroom units, private yards, ample parking, extensive capital improvements and long-term rental appeal. Unit #4 is currently vacant and available for showings until the incoming tenants take possession. Buyer to assume all existing tenancies. Please do not walk the yards or disturb the tenants of units #2, #6 or #8 without an accepted offer. Excellent central location within walking distance of amenities & public transit, w/convenient access to trent university & peterborough's colleges, walking/bike lane provide convenient south access to antrim street.
    Listing IDX13825698
    Address185 Parkhill Road
    CityPeterborough, Ontario
    Price$799,900
    Bed / Bath8 / 4 Full
    Style1 1/2 Storey, Fourplex
    ConstructionVinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype FourplexIndoor Features Carpet FreeOwnership FreeholdBasement UnfinishedFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 8.00
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    Listing Brokerage: RE/MAX REALTRON REALTY INC.

    * Data is provided courtesy of PROPTX. 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. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    185 Parkhill Road
    Peterborough , Ontario
    8 4 $799,900
    Get more info