281-285 Townsend St
Downtown, Peterborough, K9J 2K6
FOR SALE
$799,900
Sold
$800,000
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-09-05 | 2023-09-15 | 15 | $799,900 | $800,000 | Sold |
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Property Description
Attention investors! This as-built Triplex offers terrific cash flow with an estimated 6.5% cap rate. Three side by side units come with parking, separate gas furnaces, hydro and water services. Tenants pay all the utilities including hot water heater rental on 2 units (the 3rd is owned) 281 rents for $969 (long term tenant) 283 rents for $1800 (completely renovated in 2021 same as unit 285) All units have front porches, rear decks to backyard from main floor, parking and full basements with laundry hookups. Net Income is approx. $52,000 per year. All 3 units offer the exact same floor. 285 Townsend is available anytime for viewings.
Property Features
Park, Place Of Worship, Public Transit, School, School Bus Route
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Property Details
Street
Community
City
Property Type
Triplex, 2-Storey
Lot Size
76' x 52'
Fronting
South
Taxes
$3,598 (2023)
Basement
Full, Unfinished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Other
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
None
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Similar Listings
Attention all investors seeking a cash-flowing, low maintenance jackpot! Look right here for the ultimate triplex! Over 6% Cap rate! You'll be blown away by its 2x3 bedroom units and 1x2 bedroom unit. The 2x3 bedroom units each have their own separate entrance/balcony. Every unit has separate hydro and water meters. You can add coin laundry in the basement for extra income. Recent updates include new flooring, renovated bathrooms, roof (2018) and more in all units! Parking for 4 cars plus a backyard for the tenants to enjoy, let up lawn furniture or enjoy BBQ. Located close to the cafe district downtown. Don't miss out on this incredible opportunity!
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