491 Paterson St

"Prime Investment Opportunity in Downtown Peterborough! Fully Legitimate Duplex, Move-In Ready, Generating Positive Cash Flow. Nestled in the Vibrant Heart of the City, this Sturdy Brick Property Boasts Two Spacious Above-Ground Units, Each with Private Entrances. The Main Floor Unit has been Skillfully Transformed into a 3-Bedroom Layout, Complete with a Generous Eat-In Kitchen, Full Four-Piece Bathroom, and Expanded Living Space (Former Family Room Now Serving as a 3rd Bedroom). The Upper Unit Offers Two Comfortable Bedrooms, a Large Kitchen, and Inviting Living Area. Ideal for Both Novice and Astute Investors Alike. Current Tenants on Solid Leases Extending till April and May, Eager to Continue Residence. Don't Miss Out on this Exceptional Opportunity!"

Welcome to this charming and beautifully updated legal duplex located in The Avenues. Did I have you at charming? Good, listen up! Amazing opportunity here to get creative with this unique property that's been recently renovated top to bottom!. Consisting of two separate units, both of which have been well maintained and nicely updated. The main floor unit features 2 bedrooms, a bright & airy front living room, beautifully updated kitchen & eat-in dining area, a full 4PC bath, large windows, basement and/or shop space and a walkout to the fully fenced backyard complete with new grass and a convenient storage shed. Sleep well at night knowing that the unit has been equipped with all new drywall, fire-rated insulation between units and interconnected smoke alarms throughout the home for added safety. The upper unit consists of 3 bedrooms (one of which has been used as a living area), an updated kitchen, a second 4PC bath and a walkout to your own private balcony. More large windows on this level bring in even more natural light! Granite & stainless steel countertops, luxury vinyl flooring throughout and such a great vibe throughout the entire home! Add to that strategic planning and a well thought-out design consisting of separate hydro panels & meters, separate plumbing between both units and separate hot water tanks. A long list of updates throughout including drywall, paint, flooring, trim, kitchens, baths, electrical, plumbing, some windows, furnace and insulation round out the package. You get the idea! Located in a fantastic area of homes, it doesn't get much more family-friendly and centrally located than this. Whether you're looking for a home that offers the potential for supplemental income, an investment, or just something unique, this one could be just what you've been waiting for. Pre-inspected, vacant, full of updates and ready for you to write your next chapter. Don't miss it!