831 Park St S

FOR SALE
$679,000
831 Park St S, Peterborough
831 Park St S
831 Park St S
831 Park St S
831 Park St S
831 Park St S
831 Park St S
831 Park St S
831 Park St S
831 Park St S
831 Park St S
831 Park St S
831 Park St S
831 Park St S
831 Park St S
831 Park St S
831 Park St S
831 Park St S
831 Park St S
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4
BEDROOMS
3
BATHROOMS
3
KITCHENS
10
ROOMS
X9349771
MLSID
Contact Us
Property Description
Attention investors! Very well maintained and renovated legal triplex in the South central location of Peterborough! Building consists of two spacious 1 bedroom units and one large 2 bedroom unit. A total of 3 separate units that offer lots of privacy. Tenants pay for separately metered heat and hydro, newer furnaces in 2 units installed in 2022, first floor apartment renovated, and many exterior updates. The basement is set up for shared laundry and offers additional storage if desired. Outdoor living space is well landscaped and maintained. Garden shed available for extra storage. Lots of parking space available. This is a great turn key income generating property in a prime location. Current gross rental income around $47,000.00/annual. All units are tenanted by very cooperative tenants.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-05-24 2023-11-30 191 $659,900 - Expired
Property Details
Street
Community
Property Type
Triplex, 2-Storey
Lot Size
43' x 96'
Fronting
South
Taxes
$4,394 (2024)
Basement
Unfinished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Parking Spaces
4
Driveway
Private
Garage Type
None
Peterborough Market Statistics
Peterborough Price Trend
831 Park St S is a 4-bedroom 3-bathroom home listed for sale at $679,000, which is $62,250 (8.4%) 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 Red House Realty
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