289 Simcoe St
Downtown, Peterborough, K9H 2J4
FOR SALE
$859,900
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2 + 1
BEDROOMS3
BATHROOMS1 + 1
KITCHENS5 + 5
ROOMSX9387899
MLSIDContact Us
Property Description
Discover this purpose-built triplex, ideally located just a short walk from downtown, with public transit right at your doorstep. Enjoy the convenience of nearby restaurants, shopping, parks, and all essential amenities, making this an exceptional rental location. The property includes two large 2-bedroom units and one cozy 1-bedroom unit, offering a versatile investment opportunity. With updated shingles installed in 2018 and tenants responsible for their own heat, hydro, and hot water tank rental, operating costs remain manageable. On-site shared laundry and rear parking add extra convenience. Plus, with one apartment currently vacant, you have the flexibility to set your own rent and terms. This is a fantastic investment for those seeking a high-demand rental property in a prime location!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-02-20 | 2024-09-30 | 223 | $899,900 | - | Expired |
Extras
Room sizes on the upper floor are very similar to the room sizes of the main unit. Please refer to floor plan.
Property Features
Library, Park, Public Transit
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Property Details
Street
Community
City
Property Type
Triplex, 3-Storey
Lot Size
41' x 103'
Acreage
< .50
Fronting
South
Taxes
$4,725 (2024)
Basement
Full, Part Fin
Exterior
Alum Siding, Brick
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Laundry | Lower | 15.09' x 10.93' | |
| Living | Lower | 13.29' x 15.45' | |
| Dining | Lower | 5.35' x 10.24' | |
| Kitchen | Lower | 8.14' x 10.20' | |
| Br | Lower | 13.19' x 10.86' | |
| Bathroom | Lower | 4.99' x 6.79' | 4 Pc Bath |
| Living | Main | 13.68' x 15.88' | |
| Dining | Main | 8.23' x 10.83' | |
| Kitchen | Main | 10.89' x 11.29' | |
| Bathroom | Main | 4.95' x 7.41' | 4 Pc Bath |
| Br | Main | 14.17' x 11.29' | |
| 2nd Br | Main | 9.45' x 10.83' |
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Peterborough Market Statistics
Peterborough Price Trend
289 Simcoe St is a 2-bedroom 3-bathroom home listed for sale at $859,900, which is $293,662 (51.9%) higher than the average sold price of $566,238 in the last 30 days (October 30 - November 28). During the last 30 days the average sold price for a 2 bedroom home in Peterborough increased by $12,046 (2.2%) compared to the previous 30 day period (September 30 - October 29) and down $23,608 (4.0%) from the same time one year ago.Inventory Change
There were 34 2-bedroom homes listed in Peterborough over the last 30 days (October 30 - November 28), which is down 5.6% compared with the previous 30 day period (September 30 - October 29) and up 36.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Peterborough typically sold ($15,613) (2.8%) below asking price over the last 30 days (October 30 - November 28), which represents a $5,248 decrease compared to the previous 30 day period (September 30 - October 29) and ($20,755) more 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 2-bedroom homes in Peterborough over the last 30 days (October 30 - November 28) stood at 61.8%, down from 72.2% over the previous 30 days (September 30 - October 29) and down from 104.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 3-bathroom home in Peterborough stood at 18 days when successfully sold over the last 30 days (October 30 - November 28), compared to 53 days before being removed from the market upon being suspended or terminated.Listing contracted with Exit Realty Liftlock
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