495-497 Donegal 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!"

This centrally located, detached brick, legal duplex is walking distance to shops, restaurants and parks. The main floor unit boasts an open concept kitchen and living room, two large bedrooms and updated bathroom. The upper unit features a large kitchen, living room with a balcony, two bedrooms and a spacious loft. Units are separately metered for all utilities and have separate laundry. Tenants pay for all utilities except water for upper. $36,900 rental revenue. Upper unit is tenanted with AAA tenants; lower unit can be available vacant or tenanted. This turn-key duplex has many upgrades and it's situated on an oversized lot with potential to be severed to yield a saleable building lot (drawings available; process begun). Property has a second entrance through a laneway from the backyard with deeded access to King St. Detached garage, ample parking, large backyard.