Peterborough, Otonabee, K9K 2M8
$774,900
Listed by MINCOM KAWARTHA LAKES REALTY INC..
Attention Investors! Location! Location! Location! Prime West-End, close to Sir Sandford Fleming College. Currently used as a student rental. 3+4 Bedrooms (3 bedrooms have been left vacant for new owner to choose tenants and occupied room pictures not shown for student privacy) , 2 Full 4pc Baths, 1 Kitchen and 1 kitchenette. Excellent income potential, grossing $53,640 in 2023 with more room to improve. There is further potential to increase income by adding additional dwelling unit on this oversized city lot or convert the 24x23 detached garage into additional rental space. There is a strong chance the city may entertain a possible lot severance. Buyer to do their own due diligence on these opportunities. Current zoning is R2 (house could be retrofitted to a legal duplex quite easily). Please allow a minimum of 24hrs notice for all showings.
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The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.
The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.
This property has been sold 11 times before. To view this property's sale price history please sign in or register: