271 Thomas St - Apartments FOR SALE


Peterborough, ON K9J 5E7
$849,900 CAD
705-872-7002
271 Thomas St, Peterborough, ON for Sale
$849,900 CAD
Apartments - FOR SALE
1/52
null | 10% Cap Rate

271 Thomas St
Peterborough, ON K9J 5E7


HIGHLIGHTS

  • Turnkey rental property
  • Excellent cash flow opportunity
  • Located in a walkable and bike-friendly area near public transit and parks

OVERVIEW

Fully renovated, turnkey licensed Large Rental Dwelling with 12 sparkling rental rooms. Projected NOI approx. $85,000. Excellent opportunity to own a fully renovated and upgraded, licensed Large Rental Dwelling with strong income and quality tenants. This clean, well-managed side-by-side duplex has been modernized top to bottom, including 100% new flooring, updated kitchens, renovated bathrooms, and numerous additional upgrades throughout. Each side offers 6 bedrooms, 2 full baths, a full kitchen, and an unfinished basement with laundry. Rent includes utilities, laundry, and internet. Some rooms come fully furnished. See Documents for list of inclusions and recent upgrades since August 2022. One side also includes an unfinished room with potential to create a 13th bedroom for increased revenue. Forced-air gas and central a/c both sides. Excellent cash flow. Don't miss this opportunity!

FOR SALE DETAILS

PRICE

$849,900 CAD

PRICE/SF

$283 CAD /SF

# OF UNITS

12

PRICE/UNIT

$70,825

CAP RATE

10%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,408 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Derek GreenRE/MAX Eastern Realty IncMore Info
705-872-7002

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Derek GreenRE/MAX Eastern Realty IncMore Info
705-872-7002

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.