730 Chemong Rd
Northcrest, Peterborough, K9H 5Y9
FOR SALE
$864,900
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4 + 2
BEDROOMS3
BATHROOMS2 + 1
KITCHENS11 + 6
ROOMSX9376298
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 |
|---|---|---|---|---|---|
| 2024-08-20 | 2024-10-01 | 42 | $899,900 | - | Terminated |
| 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 $864,900, which is $211,567 (32.4%) higher than the average sold price of $653,333 in the last 30 days (October 13 - November 11). During the last 30 days the average sold price for a 4 bedroom home in Peterborough declined by $5,002 (0.8%) compared to the previous 30 day period (September 13 - October 12) and up $18,062 (2.8%) from the same time one year ago.Inventory Change
There were 14 4-bedroom homes listed in Peterborough over the last 30 days (October 13 - November 11), which is down 51.7% compared with the previous 30 day period (September 13 - October 12) and down 44.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Peterborough typically sold ($10,683) (1.6%) below asking price over the last 30 days (October 13 - November 11), which represents a $13,100 increase compared to the previous 30 day period (September 13 - October 12) and ($13,957) 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 4-bedroom homes in Peterborough over the last 30 days (October 13 - November 11) stood at 85.7%, up from 37.9% over the previous 30 days (September 13 - October 12) and up from 28.0% 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 58 days when successfully sold over the last 30 days (October 13 - November 11), compared to 101 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 United Realty Inc.
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Downtown Triplex featuring 2 main floor 1 bedroom units and large 2nd floor , 2 bedroom unit with 3rd floor loft. Private parking for up to 4 cars on paved driveway with straight-through access between Reid and Park Streets. Each unit has a private entrance and separate electricity meters (Tenants pay heat/hydro). New roof in 2015. Total monthly income $4,800.
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