Incredible investment opportunity in the heart of Peterborough! Offered at $499,000, this centrally located four-plex presents immediate upside potential for investors or owner-occupiers alike. Featuring three occupied units generating current rental income plus one vacant 2-bedroom unit ready for a new tenant at market rent, this property offers the perfect opportunity to increase cash flow from day one. Unit breakdown includes: Vacant 2-bedroom unit with estimated market rent potential of approximately $1,750/month Three additional tenanted 1-bedroom units currently generating approximately $2,228/month combined. Projected market rents offer excellent future income potential for savvy investors looking to add value over time. Each unit is individually metered for hydro and water, helping reduce operating expenses and simplify management. The property also features ample parking with four rear parking spaces plus additional front driveway parking. Conveniently located close to downtown, transit, schools, and everyday amenities, this versatile multi-unit property is a rare opportunity to secure a strong income-producing asset with long-term growth potential.
Address
287 Stewart Street
List Price
$499,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Fourplex
Style of Home
2-Storey
Transaction Type
Sale
Area
Peterborough
Sub-Area
Town Ward 3
Bedrooms
4
Bedrooms (Total)
4
Rooms Above Grade
12
Bathrooms
4
Floor Area
2000-2500 Sq. Ft.
Lot Depth
108.24
Lot Size Units
Feet
Lot Width
54.12
Parcel Number
28090042
Occupant Type
Tenant
Cross Street
King Street
MLS® Number
X13070424
Listing Brokerage
RE/MAX HALLMARK EASTERN REALTY
Basement Area
Crawl Space
Postal Code
K9J 3N2
Posession Details
Flexible
Parking Places (Total)
6
Parking Spaces
6
Tax Amount
$5,378.00
Tax Year
2025
Interior Features
Water Heater Owned
Central Vacuum
No
Family Room
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Central Lakes Association of REALTORS
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Brick
Direction Faces
West
Fireplace
No
Foundation Details
Prefabricated
Garage
No
Garage Type
None
Kitchens Total
4
Kitchens Above Grade
4
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
Pt G PL 10 Peterborough; Peterborough
Waterfront
No
Sewer
Sewer