265 Stewart Street
Town Ward 3, Peterborough, K9J 3M8
FOR SALE
$429,000
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5
BEDROOMS 2
BATHROOMS 1
KITCHENS 10
ROOMS X14146968
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Property Description
This Victorian-era duplex in the heart of downtown Peterborough, currently operating as an investment property with separate units generating a total of $3,200 per month. The 2-storey property offers the flexibility to continue as a rental income opportunity or unlock its full potential through a complete renovation. The main floor features hardwood flooring, newer windows for abundant natural light, a spacious living room large enough to accommodate a dining area, and an eat-in kitchen with laminate flooring, a breakfast area, side-door entrance, laundry area with newer machines, two fridges, two microwaves, and convenient access to a recently renovated 3-piece bathroom with tile flooring, vanity, and separate shower. The second floor offers broadloom throughout, generous bedrooms, a 4-piece bathroom with tile flooring, vanity, and frosted privacy window, plus a unique bedroom with vinyl flooring, sink, pantry, and potential second kitchen space with room to add appliances. The partially finished basement includes above-grade windows, a cold room, and recreation area, offering excellent development potential for additional living space, or future customization. Recent utility updates include central air conditioning, hot water tank, and furnace motor, with LED lighting for improved energy efficiency. Outside, enjoy a private laneway with parking for 4 vehicles and a large fully fenced backyard with planters and garden shed, offering space to create a peaceful outdoor escape. Perfectly situated near the Otonabee River, Little Lake, James Stevenson Park, Nicholls Oval Park, Liftlock Golf Club, Kawartha Golf Club, nearby schools including St. Peter Catholic Secondary School, Queen Mary Public School & more. Plus historical landmarks, museums, art galleries, shopping, restaurants, community centres, Galaxy Cinemas, public transit, Peterborough Regional Hospital, and convenient access to the Trans-Canada Highway for travel throughout Northern Ontario and into Quebec.
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Property Features
Golf, Hospital, Park, Public Transit, School, Arts Centre, In-Law Capability, In-Law Suite, Separate Hydro Meter, Storage, Water Heater, Private, Lane, Available, Carbon Monoxide Detectors, Smoke Detector, Accessible Public Transit Nearby, Parking
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Property Details
Address
265 Stewart Street
Community
City
Postal Code
K9J 3M8
Property Type
Duplex, Duplex
Lot Size
40' x 116'
Acreage
4,682.0 Feet
Taxes
$4,069 (2025
Basement
Development Potential, Partial Basement, Partially Finished
Exterior
Landscaped, Lighting, Privacy, Patio, Year Round Living
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
None
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Listing contracted with Sutton Group-Admiral Realty Inc.
Attention investors - this is the kind of cash-flow opportunity that doesn't come around often. Located in the heart of downtown, this solid, well-maintained duplex offers strong income potential with 5 bedrooms, 3 updated full bathrooms, and 2 modernized kitchens. Designed for efficiency and flexibility, the property features two separate hydro meters - making it ideal for managing expenses and maximizing returns. Currently fully tenanted, it provides immediate income from day one. Positioned in a prime, walkable location close to shops, dining, and everyday amenities, with public transit right at your doorstep, this is a turnkey addition to any investment portfolio - or a great option for buyers looking to live in one unit and rent the other. Opportunities like this in downtown Peterborough are rare - don't miss it.
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