544 Mcdonnel St

Don't Miss This Incredible Opportunity To Own One Of Peterborough's Historical Properties. Build In 1920 As Partially Of The Bonner Worth Mill Properties This Building Was The Administration Building With Factory Buildings On Both Sides. Later Called The Woolen Mill Administration Building. The Building Was Bought In 2006 By Its Current Owner And Converted Into 12 Loft Style Apartments. Each Unit Is Unique And Offers High Ceiling And Many Original Elements Of Its Original Building Design. All Units Compact And Provide High Ceilings And Various Floor Plans. All Systems Were Brand New In 2007 With Several Upgrades Over Years. Separate Hydro Meters To Each Unit, Fire Safety Systems Are All Up To Date. All Units Are Fully Rented With Plenty Of Parking. Laundry Room On Site For Tenants. Gross Income Of $165,000. This Building Also Enjoys A Lower Tax Rate As It Is Classed As A New Residential Build/Conversion And In Additional An Additional 20% Municipal Property Tax Rebate

** ** Interboard Listing: Peterborough And The Kawartha Lakes Association Of Realtors ** Inclusions: Hot Water Tank Owned, 12 Fridges, 12 Stoves, 1 Washer, 1 Dryer