485-487 Sherbrooke St
Otonabee, Peterborough, K9J 2P2
FOR SALE
$485,000
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4
BEDROOMS3
BATHROOMS3
KITCHENS10 + 1
ROOMSX8336240
MLSIDContact Us
Property Description
Approximately 7% Cap and "Additional Residential Unit Potential". This side-by-side triplex has 2 one bedroom units at 485 that are currently vacant. Both have been freshly painted and are ready for new tenants at market rents. The landlord pays utilities on this side. 487 is a two storey, two bedroom unit, with long term tenants that would like to stay. They pay $982 plus heat, hydro, water and sewer, as well as yard maintenance. The property has plenty of potential, as the lot is 240 feet deep. This would potentially allow for additional Residential Units to be build out back. Great potential here for the investor, or live in one unit and rent the others. Home Inspection available and easy to show. (Potential Buyers to consult the City of Peterborough regarding any ARU potential)
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Property Features
Campground, Hospital, Park, Place Of Worship, Public Transit, Rec Centre
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Property Details
Street
Community
City
Property Type
Triplex, 2-Storey
Lot Size
49' x 240'
Fronting
South
Taxes
$3,860 (2023)
Basement
Unfinished
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
6
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 10.93' x 12.20' | |
| Living | Main | 14.30' x 11.78' | |
| Br | Main | 8.92' x 11.19' | |
| Kitchen | Main | 13.45' x 12.73' | |
| Living | Main | 16.73' x 13.78' | |
| Br | 2nd | 8.46' x 11.88' | |
| Br | 2nd | 7.64' x 12.27' | |
| Living | 2nd | 16.86' x 10.86' | |
| Br | 2nd | 9.38' x 10.17' | |
| Kitchen | 2nd | 10.89' x 12.60' | |
| Utility | Bsmt | 11.75' x 12.73' |
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Peterborough Market Statistics
Peterborough Price Trend
485-487 Sherbrooke St is a 4-bedroom 3-bathroom home listed for sale at $485,000, which is $256,250 (34.6%) lower than the average sold price of $741,250 in the last 30 days (August 21 - September 19). During the last 30 days the average sold price for a 4 bedroom home in Peterborough increased by $59,124 (8.7%) compared to the previous 30 day period (July 22 - August 20) and up $480,311 (184.1%) from the same time one year ago.Inventory Change
There were 24 4-bedroom homes listed in Peterborough over the last 30 days (August 21 - September 19), which is down 11.1% compared with the previous 30 day period (July 22 - August 20) and up 20.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Peterborough typically sold ($7,937) (1.1%) below asking price over the last 30 days (August 21 - September 19), which represents a $8,408 decrease compared to the previous 30 day period (July 22 - August 20) and ($5,242) 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 (August 21 - September 19) stood at 33.3%, up from 25.9% over the previous 30 days (July 22 - August 20) and down from 12,150.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in Peterborough stood at 47 days when successfully sold over the last 30 days (August 21 - September 19), compared to 78 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Frank Real Estate
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