730 Chemong Rd
Northcrest, Peterborough, K9H 5Y9
FOR SALE
$899,900
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4 + 2
BEDROOMS3
BATHROOMS2 + 1
KITCHENS11 + 6
ROOMSX9262011
MLSIDContact Us
Property Description
WOW! North end Gem! Welcome to 730 Chemong, a great investment opportunity! Well maintained triplex with five dedicated parking spots and a convenient common laundry room. This property stands out with a newly renovated, move-in-ready 2-bedroom, 1-bath unit on the main level, offering modern comforts and fresh upgrades. The other two units are fully occupied, ensuring immediate rental income.Situated in a prime location this triplex boasts proximity to major retailers, a variety of restaurants, grocery stores, and public transit options, making it a highly desirable address for tenants. Whether you're an experienced investor or new to the market, this triplex represents a fantastic opportunity to acquire a turn-key property with strong rental potential. Don't miss out on this chance to own a well-cared-for investment with solid income potential in a sought-after neighborhood.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-10 | 2024-08-21 | 103 | $914,900 | - | Terminated |
| 2024-01-05 | 2024-05-05 | 121 | $924,900 | - | Expired |
| 2023-10-10 | 2024-01-09 | 91 | $924,900 | - | Terminated |
| 2023-07-14 | 2023-10-07 | 85 | $949,900 | - | Terminated |
Property Features
Hospital, Park, Place Of Worship, Public Transit, School, School Bus Route
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Property Details
Street
Community
City
Property Type
Triplex, 2-Storey
Approximate Sq.Ft.
2500-3000
Lot Size
50' x 107'
Acreage
< .50
Fronting
East
Taxes
$4,475 (2023)
Basement
Full, Part Fin
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
5
Driveway
Mutual
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | Bsmt | 9.71' x 11.06' | |
| Br | Bsmt | 6.53' x 7.22' | |
| Br | Main | 14.11' x 11.29' | |
| Br | Main | 9.32' x 10.50' | |
| Br | 2nd | 13.94' x 10.83' | |
| Other | 2nd | 9.25' x 7.68' |
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Peterborough Market Statistics
Peterborough Price Trend
730 Chemong Rd is a 4-bedroom 3-bathroom home listed for sale at $899,900, which is $158,650 (21.4%) higher 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 Century 21 United Realty Inc.
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Attention investors seeking a turnkey property: This building features a main floor 1-bedroom unit with an open-concept layout, including a living room, kitchen, 4-piece bathroom, and laundry. There are two 2-bedroom units. One includes a spacious living room, kitchen, two bedrooms, a 4-piece bathroom, laundry, and an unfinished attic for storage. The other is a 2-storey unit with a kitchen, living room, 2-piece bathroom, and bedroom on the main floor, with a second bedroom and 3-piece bathroom on the upper floor. This unit has basement access for laundry, with a separate walk-up entrance for convenience to service furnace and electrical. All units boast updated kitchens, flooring, and bathrooms, as well as their own laundry facilities. Windows are approximately 10 years old, with a metal roof installed 4 years ago and new shingles in 2024. Outside, there's a stamped concrete walkway and large parking area with 5 spots. Tenants are responsible for hydro and water, while the landlord covers heat.
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Two buildings for the price! Here is a unique investment opportunity. Variety store with 4 residential units. High volume established neighbourhood convenience Store, with apartment above. Plus a separate 2-storey Triplex. Separate hydro meters. Excellent tenants in place. Private parking at rear of building. Wonderful opportunity to run your own family business! City transit routes are steps away. Gas heat and Central Air. Lottery and ATM. Well maintained buildings with consistent upgrades. New AC, shingles 2016. Jerry's Quik Chek - Seller willing to assist Buyer in change of ownership/training. The only store in the area! Explore the opportunity with confidence.
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Discover an exceptional investment opportunity in the heart of the emerging East City. This thoughtfully updated triplex offers two generous 2-bedroom units and a beautifully enhanced 1-bedroom main floor unit, ideal for owner-occupants or savvy investors. Each unit exudes charm and modern comfort, featuring updated kitchens, baths, and systems, ensuring a low-maintenance & high-return property. Grossing $65,000 annually, this property not only provides strong rental income but also positions you in one of the city's most desirable neighborhoods. Enjoy convenient access to Trent University, making it perfect for attracting students and faculty, while quick access to HWY 115 ensures easy commuting. With the vibrant East City on the rise, this triplex offers both a strategic location and unmatched potential. Whether you're an investor or looking to live in one unit while renting the others, this triplex is the perfect blend of modern convenience and financial reward.
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