375 Downie Street

Multi-Family Opportunity* This beautifully preserved 1870s Victorian Investment sits proudly on a massive corner lot in a prime city location. The home is incredibly well maintained and has undergone significant capital improvements, including a new roof, updated wiring, 3 newly renovated kitchens, 3 newly renovated 4-piece bathrooms, luxury carpeting, and fresh paint. Victorian character shines through with the expansive covered wrap-around veranda and beautiful spiral staircase, while the huge fenced yard provides exceptional outdoor space, privacy, and parking for six or more vehicles. This property offers outstanding versatility for multi-generational living, investors, first-time home buyers looking to offset costs, or anyone wishing to own a grand family home with income-generating potential. It is currently configured as three spacious two-bedroom apartments, each with its own private entrance, separate meters. Presently two units are vacant; move in and set your own rent. Located within walking distance to the Otonabee River and downtown, on a convenient bus route, and just minutes to Trent University, this home sits in one of Peterborough's most desirable and accessible areas. The large city lot offers ample space for the addition of an accessory dwelling unit, creating further future development opportunities. A rare chance to be the proud owner of a unique Victorian home with remarkable charm, modern upgrades, and significant long-term potential in the heart of Peterborough.