559 Reid St
Downtown, Peterborough, K9H 4H1
FOR SALE
$575,000
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5 + 5
BEDROOMS4
BATHROOMS2
KITCHENS18
ROOMSX8291004
MLSIDContact Us
Property Description
CASH COW! UPPER UNIT VACANT AND LOWER UNIT HAS SIGNED N11 FOR JULY 1ST. POTENTIAL INCOME OF $10,000/month 5 bedrooms upstairs with two full bathrooms, and 5 bedrooms downstairs with 2 full bathrooms. laundry in basement. parking for 3 cars. Possibility of purchase for the other two duplexes on either side of this property making for a large portfolio in the same location! Ask me for details
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-10-18 | 2023-05-05 | 199 | $580,000 | - | Terminated |
Extras
Annual expenses: Gas hot water & heat: $5,500 Water: $3,500 Taxes: $4,200 Insurance: $2,500
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Property Details
Street
Community
City
Property Type
Duplex, 2 1/2 Storey
Approximate Sq.Ft.
3500-5000
Lot Size
56' x 76'
Lot Irregularities
Irreg
Fronting
West
Taxes
$4,213 (2023)
Basement
Sep Entrance, W/O
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
3
Garage Type
None
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Peterborough Market Statistics
Peterborough Price Trend
559 Reid St is a 5-bedroom 4-bathroom home listed for sale at $575,000, which is $95,000 (19.8%) higher than the average sold price of $480,000 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 5 bedroom home in Peterborough declined by $429,500 (47.2%) compared to the previous 30 day period (March 15 - April 13) and down $505,000 (51.3%) from the same time one year ago.Inventory Change
There were 6 5-bedroom homes listed in Peterborough over the last 30 days (April 14 - May 13), which is up 50.0% compared with the previous 30 day period (March 15 - April 13) and up 20.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Peterborough typically sold ($19,900) (4.1%) below asking price over the last 30 days (April 14 - May 13), which represents a $35,050 increase compared to the previous 30 day period (March 15 - April 13) and ($19,500) 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 5-bedroom homes in Peterborough over the last 30 days (April 14 - May 13) stood at 16.7%, down from 100.0% over the previous 30 days (March 15 - April 13) and down from 40.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 4-bathroom home in Peterborough stood at 108 days when successfully sold over the last 30 days (April 14 - May 13), compared to 39 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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