292-294 Townsend Street
Town Ward 3, Peterborough, K9J 2K7
FOR SALE
$615,000
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4
BEDROOMS 4
BATHROOMS 4
KITCHENS 12
ROOMS X13582780
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Property Description
Incredible investment opportunity in the heart of Peterborough! This clean, well maintained 4-plex is a rare find - offering a total of 4 self contained units; bright 1 bedroom apartments. The property is fresh, clean, and fully tenanted which offers immediate cash flow. Ample parking for tenants. Steps to parks trails, the river, and vibrant village amenities. Easy access to downtown, Hwy 115 and Trent University. With its balanced unit mix, solid rental structure, and strong in-place income, this property represents a turnkey investment opportunity in a growing and well-established community, ideal for investors seeking dependable returns and long-term stability. A true turn-key property in a prime location - don't miss this one!
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Property Features
Marina, Park, Place Of Worship, Public Transit, School, None, Private, Smoke Detector
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Property Details
Address
292-294 Townsend Street
Community
City
Postal Code
K9J 2K7
Property Type
Fourplex, Fourplex
Zoning
R2
Lot Size
53' x 80'
Taxes
$5,502 (2025
Basement
Unfinished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
5
Garage Type
None
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Listing contracted with Century 21 Leading Edge Realty Inc.
Incredible investment opportunity in the heart of Peterborough! Offered at $499,000, this centrally located four-plex presents immediate upside potential for investors or owner-occupiers alike. Featuring three occupied units generating current rental income plus one vacant 2-bedroom unit ready for a new tenant at market rent, this property offers the perfect opportunity to increase cash flow from day one. Unit breakdown includes: Vacant 2-bedroom unit with estimated market rent potential of approximately $1,750/month Three additional tenanted 1-bedroom units currently generating approximately $2,228/month combined. Projected market rents offer excellent future income potential for savvy investors looking to add value over time. Each unit is individually metered for hydro and water, helping reduce operating expenses and simplify management. The property also features ample parking with four rear parking spaces plus additional front driveway parking. Conveniently located close to downtown, transit, schools, and everyday amenities, this versatile multi-unit property is a rare opportunity to secure a strong income-producing asset with long-term growth potential.
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