About Property

This large beautifully maintained Victorian home sits on a massive corner lot in a prime city location; an impressive 6+ bedroom property currently leased out as 3 separate large apartments that could easily be converted back to a single family home. This is a unique opportunity for a large family or investors.The building has been extensively upgraded with a new roof, wiring, plumbing, sewer line, and a well-maintained high-efficiency gas furnace. Each of the three spacious 2-bedroom units, one with a den, has been thoroughly upgraded with new luxury carpeting, hardwood floors, blinds, curtains, ceiling fans, light fixtures and freshly painted. Kitchens and bathrooms feature new vanities, showers, faucets, tile, backsplashes, and updated appliances including stoves, fridges, and laundry. In addition, each unit currently has separate entrances, meters, decks, and its own hot water tank. A large covered wrap-around veranda and beautiful spiral staircase add to the property's character. The huge fenced yard provides privacy and features parking for over six vehicles, a large storage building, and bonus furnishings included.Located close to shopping, dining, public transit, and all amenities; you can even walk down the street to the Otanabee River and enjoy fishing after work.This property has incredible rental potential (average monthly rent for a 2-bedroom unit is over $2,000 in Peterborough); set your own rents. Live in and still generate rental income.Sitting on a huge city lot, this is an ideal ADU residential lot size to build an additional dwelling (buyer to verify with the city).This is a rare opportunity to own a turn-key, income-generating property with the space, versatility and future development potential rarely found in the city.

Features