498-500 Edison Ave

FOR SALE
$759,900
Sold
$756,000
498-500 Edison Ave, Peterborough
498-500 Edison Ave
6
BEDROOMS
4
BATHROOMS
2
KITCHENS
6 + 8
ROOMS
X8033380
MLSID
Contact Us
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-01-31 2024-02-08 9 $759,900 $756,000 Sold
2023-08-19 2023-09-01 15 $749,900 $745,000 Sold
Property Description
Wow What A Rare Opportunity! Don't Miss Out On The Chance To Enter The Market With A Double Whammy! A Side-By-Side Immaculate Duplex Boasting Dual Living And Investment Potential! This Exceptional Residence Offers Not Just A Home, But A Potential Income-Generating Haven As Well. This Property Presents An Almost Mirror-Image Arrangement Consisting Of Two, Two Storey, 3 Bed, 2 Bath Units (Total 6 Beds And 4 Baths Across Both Homes). With Separate Backyards, Finished Basements And Private Driveways For Each, This Arrangement Is Truly One Of A Kind. Both Sides Are Available For Immediate Possession , So Get Creative! Whether You're Envisioning A Multi-Generational Setup, Seeking An Investment Property (Set Your Rent), Or Desiring A Flexible Living Arrangement, This Duplex Caters To Your Every Need. Conveniently Located Within Walking Distance Of Lansdowne Mall, Groceries, Restaurants, And Essential Amenities, Everything You Require Is Right At Your Doorstep! A++ Walk Score.
Property Details
Community
Property Type
Duplex, 2-Storey
Similar Listings
600 Water St, Peterborough
7
BEDS
3
BATHS
$749,900
FOR SALE
Are you searching for a great investment opportunity in the heart of downtown Peterborough? This charming duplex property that promises exceptional returns for savvy investors. This versatile corner lot boasts an attractive main house with 5 spacious bedrooms, offering ample living space for students or a larger family. Additionally, the upper unit presents a tidy 2-bedroom apartment, ideal for tenants seeking a cozy and independent living arrangement. The current configuration offers immediate rental income from the upper unit with the main being left vacant to allow for your own tenant selection or upgrades. One of the standout features of this property is the potential for further unit expansion. With a double car garage already in place, there is an excellent opportunity to convert the space into an additional living unit, maximizing the property's earning potential. Whether you choose to create a separate studio, an additional apartment, or an office space, this expansion option offers a significant advantage for increased rental income or flexible usage. Tenants will enjoy the proximity to Trent University, Little Lake, shopping centres, restaurants, entertainment venues, parks, and other amenities, making it an enticing choice for a variety of potential tenants. Don't miss out on the chance to capitalize on this thriving market. Schedule a viewing today to experience firsthand the vast potential this property holds.
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