Toronto Real Estate

Come live in this 3-bed, 1-bath Home

Listed by COLDWELL BANKER ELECTRIC REALTY

Right in the heart of Peterborough, this fantastic solid brick 1.5 storey gem boasts 3 bedrooms + Den on the upper and an unfinished 2-bd apartment on the lower level. Ideal for first-time buyers seeking privacy, charm and character with the beautiful hardwood floors throughout as well as convenience - the house is located near all amenities and it is just a stroll away from the Peterborough hospital. You will gain access to an additional long term income to pay you mortgage by renting out the lower apartment. Savvy investors will see incredible potential. The upper level can be rented now to a family of 4-5 people at $2,500-2,600. The lower 2 bedroom apartment can be rented when completed at $1800 bringing the annual rents potential to $51-52K. Imagine the property's long term earning potential! Consider the possibility of building a laneway house as well. With 4 parking spaces, a garage, paved driveway, and bonus space via a convenient laneway, this property is brimming with opportunity. Don't let this chance slip away. Seize it now!

Extras

Furnace 2014, HWT new, basement renovation started with brand new framing, plumbing, and wiring - needs completion. Drawings are available.