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$499,000
Status: For Sale
Updated in 2024, this purpose-built multi-bedroom investment property delivers exceptional cashflow with truly hands-off ownership. Featuring 10 bedrooms, 3 bathrooms, and three cooking stations (one full kitchen plus two kitchenettes), the layout is purpose-designed for flexible room-by-room leasing-maximizing rental efficiency and income potential. Positioned directly across from the Trent-Severn Waterway at Lock 19, the property enjoys tranquil water views in a safe, family-friendly neighbourhood within one of Peterborough's strongest rental corridors.Proximity to transit, Lansdowne Street amenities, Fleming College, Trent University, and Seneca Aviation ensures consistent demand from students and working professionals alike. The property offers (3) three surface parking spaces with abundant visitor parking conveniently located across the street. Professionally managed, currently generating $5,900/month with 8 of 10 bedrooms rented (with the potential for an additional $1,000+/month), this is a rare turnkey opportunity for investors seeking predictable cash flow, long-term appreciation, and scalable growth. 2025 Operating Costs: Property Taxes: $4,318, Insurance: $4,310, Utilities: $5,868. Vacant possession can be arranged if desired.
| Property Type | :Residential Freehold |
|---|---|
| MLS Number | :X12989532 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :19 Apr, 2026 (108 Days ago) |
| Source | :Toronto Regional Real Estate Board |
| Area | :Peterborough |
|---|---|
| Postal Code | :
K9J 2X7
|
| Price | : $499,000 |
|---|---|
| Property Taxes | :$5220.0 |
| Tax Year | :2026 |
|---|
| Bedrooms | :7 + 3 |
|---|---|
| No. of Rooms | :11 |
| Air Conditioning | :Central Air |
| Heating | :Forced Air |
| Cross Street | :Lansdowne St & Lock St |
| Bathrooms | :3 |
|---|---|
| Fuel | :Gas |
| Approx Square Footage | :1500-2000 sqft |
| Foyer | :1.28 m x 1.27 m |
|---|---|
| Living Room | :3.53 m x 2.54 m |
| Bedroom | :3.56 m x 2.87 m |
| Bedroom | :4.17 m x 3.0 m |
| Bedroom | :4.9 m x 3.23 m |
| Bedroom | :3.2 m x 2.74 m |
| Kitchen | :4.29 m x 2.29 m |
|---|---|
| Dining Room | :3.53 m x 2.77 m |
| Bedroom | :3.18 m x 2.77 m |
| Bedroom | :3.84 m x 2.54 m |
| Bedroom | :3.1 m x 3.05 m |
| Bedroom | :3.38 m x 3.0 m |
| Exterior Finish | :Aluminum Siding, Vinyl Siding |
|---|---|
| Parking Space | :3 |
| Basement | :Finished with Walk-Out |
| Laundry Level | :Lower Level |
|---|---|
| Park | :Park |
13 Apr, 2026
TREB #X12989532
Listed
$499000.0
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