TRIPLEX FOR SALE: STUNNING DOWNTOWN PETERBOROUGH INVESTMENT
Asking Price: $750,000
About 255 Reid St:
For Sale: Stunning Triplex in the Heart of Downtown Peterborough, Ontario
Welcome to this exceptional investment opportunity in the vibrant city of Peterborough, Ontario. This beautiful triplex is located in the highly sought-after Downtown community, offering the perfect blend of convenience and charm.
Situated on a spacious lot measuring 38 FT, this well-maintained property boasts a total of 4 parking spaces, ensuring ample parking for both residents and guests. The exterior of the building is finished with brick, exuding timeless elegance and durability.
The property is divided into three units, providing a fantastic source of rental income. Each unit is thoughtfully designed and offers spacious living areas. The main floor unit features 2 bedrooms and 1 bathroom, providing comfortable accommodation for a small family or young professionals.
The second floor unit offers 2 bedrooms and 1 bathroom, with plenty of natural light flooding through the windows, creating a warm and inviting atmosphere. The third unit is located on the top floor and features 2 bedrooms and 1 bathroom, offering stunning views of the surrounding neighborhood.
The interior of each unit is well-appointed and features a partial unfinished basement, offering additional storage space or the potential for future expansion. The heating and cooling systems are efficient and reliable, with window air conditioners providing cooling comfort during the summer months, and baseboard heaters fueled by natural gas ensuring warmth in the winter.
The location of this triplex is simply unbeatable. Situated in the heart of Downtown Peterborough, residents will enjoy easy access to a wide array of amenities, including shopping centers, restaurants, cafes, and entertainment options. The vibrant arts and culture scene of Peterborough is right at your doorstep, with galleries, theaters, and music venues just a short distance away.
For nature enthusiasts, the property is surrounded by beautiful parks and green spaces, providing the perfect setting for outdoor activities such as jogging, cycling, or simply enjoying a leisurely stroll. The picturesque Otonabee River flows nearby, offering opportunities for boating and fishing.
In addition to its prime location, this triplex is a fantastic investment opportunity. The annual property taxes are reasonable at $3,600 (CAD), ensuring a favorable return on investment. With the high demand for rental properties in Peterborough, this triplex is an excellent choice for investors looking to capitalize on the thriving rental market.
Don't miss out on this exceptional real estate opportunity in Downtown Peterborough. Whether you are a savvy investor or looking to live in one unit while renting out the others, this triplex offers endless possibilities. Contact us today to schedule a viewing and experience the charm and convenience of this incredible property firsthand.
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Features of Property
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Features of Building
Window air conditioner
Baseboard heaters (Natural gas)
RE/MAX HALLMARK EASTERN REALTY