175 Edinburgh St
Downtown, Peterborough, K9H 3E3
FOR SALE
$599,900
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Property Description
"Prime Investment Opportunity in Downtown Peterborough! Fully Legitimate Duplex, Move-In Ready, Generating Positive Cash Flow. Nestled in the Vibrant Heart of the City, this Sturdy Brick Property Boasts Two Spacious Above-Ground Units, Each with Private Entrances. The Main Floor Unit has been Skillfully Transformed into a 3-Bedroom Layout, Complete with a Generous Eat-In Kitchen, Full Four-Piece Bathroom, and Expanded Living Space (Former Family Room Now Serving as a 3rd Bedroom). The Upper Unit Offers Two Comfortable Bedrooms, a Large Kitchen, and Inviting Living Area. Ideal for Both Novice and Astute Investors Alike. Current Tenants on Solid Leases Extending till April and May, Eager to Continue Residence. Don't Miss Out on this Exceptional Opportunity!"
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-01-10 | 2024-03-14 | 64 | $599,000 | - | Terminated |
| 2007-06-07 | 2007-09-05 | 92 | $184,900 | - | Expired |
| 2022-06-21 | 2022-07-14 | 23 | $569,900 | - | Terminated |
| 2022-08-16 | 2022-09-22 | 37 | $499,900 | $537,000 | Sold |
| 2022-07-14 | 2022-08-16 | 33 | $499,900 | - | Terminated |
| 2022-04-27 | 2022-05-08 | 11 | $489,900 | - | Terminated |
| 2022-06-22 | 2022-09-22 | 93 | $569,900 | $537,000 | Sold |
| 2022-04-28 | 2022-05-09 | 11 | $489,900 | - | Terminated |
Extras
Short bus to Trent University, close to shopping, parks and so much more
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Property Details
Street
Community
City
Property Type
Duplex, 2-Storey
Lot Size
18' x 170'
Lot Irregularities
Widens To 23 Feet In Rear Yard
Fronting
South
Taxes
$3,414 (2023)
Basement
Crawl Space
Exterior
Brick
Heat Type
Heat Pump
Heat Source
Other
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
None
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Peterborough Market Statistics
Peterborough Price Trend
175 Edinburgh St is a 4-bedroom 2-bathroom home listed for sale at $599,900, which is $311,690 (34.2%) lower than the average sold price of $911,590 in the last 30 days (April 11 - May 10). During the last 30 days the average sold price for a 4 bedroom home in Peterborough increased by $213,526 (30.6%) compared to the previous 30 day period (March 12 - April 10) and up $26,926 (3.0%) from the same time one year ago.Inventory Change
There were 44 4-bedroom homes listed in Peterborough over the last 30 days (April 11 - May 10), which is up 131.6% compared with the previous 30 day period (March 12 - April 10) and up 144.4% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Peterborough typically sold ($30,981) (3.4%) below asking price over the last 30 days (April 11 - May 10), which represents a $15,293 decrease compared to the previous 30 day period (March 12 - April 10) and ($17,285) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Peterborough over the last 30 days (April 11 - May 10) stood at 25.0%, down from 89.5% over the previous 30 days (March 12 - April 10) and down from 77.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Peterborough stood at 31 days when successfully sold over the last 30 days (April 11 - May 10), compared to 65 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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