185 W Parkhill Road,Peterborough, ON K9H 3H2
Peterborough, ON K9H 3H2
Description
Take advantage of a fantastic 7.26% CAP Rate at 2,4,6,& 8 -185 Parkhill! LIVE IN ONE UNIT + CASH FLOW ~ $1,300/MONTH, OR RENT ALL 4 FOR +$3,000/MONTH CASH FLOW! Rare opportunity to own an exceptionally maintained, turnkey 4-plex CASH COW in Peterborough on nearly half an acre - professionally managed & offered for sale for the first time in 28 years. Potential income of ~$85,628 (close to finalizing the 4th lease). EXTENSIVELY RENOVATED INSIDE & OUT over the past 15 years, including METAL ROOFS, WINDOWS, ELECTRICAL wiring & panels, PLUMBING, DRYWALL, VINYL SIDING, furnaces, central air conditioners, full interior renovations, attractive decks, fences & much more. Units #2 & #4 are single-storey 2-bed, 1-bath units w/partial basements. Units #6 & #8 are spacious 1.5-storey 2-bed, 1-bath units featuring large primary bedrooms on the 2nd floor, partial basements w/laundry rooms. 2 Houses with 4 semi-detached all above ground units. Each unit enjoys its OWN PRIVATE, FULLY FENCED BACKYARD & 2 PARKING SPACES. Separate meters and tenants pay all utilities. A well-maintained, substantially updated 4-plex offering the combination investors look for: STRONG CASH FLOW, FOUR 2-BEDROOM ALL ABOVE GROUND UNITS, PRIVATE YARDS, AMPLE PARKING, EXTENSIVE CAPITAL IMPROVEMENTS and LONG-TERM RENTAL APPEAL. Unit #4 is currently VACANT and available for showings. Buyer to assume all existing tenancies ( 3 leases on units 2,6 & 8 and 5 tenants in total). Please do not walk the yards or disturb the tenants of Units #2, #6 or #8 without an accepted offer. Excellent central location within walking distance of amenities & public transit, w/convenient access to Trent University & Peterborough's Colleges, walking/bike lane provide convenient south access to Antrim Street. Everything is done & done well! Just buy and enjoy solid cash flow from day 1!
Details
| MLS # | X13825698 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 26 |
| Listing Provided By | RE/MAX REALTRON REALTY INC. | X13825698 498501 |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 |
| Basement | Y |
| Story(s) | 1 |
| Acreage | 0.23 |
Interior
| Interior Features | Carpet Free |
|---|---|
| Cooling | Central Air |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Metal |
|---|---|
| Foundation Details | Concrete |
| Construction Materials | Vinyl Siding |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Private Triple |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 5365.48 |
|---|---|
| Tax Legal Description | PT LT 2 N OF ANTRIM ST & W OF GEORGE ST(PETERBOROUGH); PT LT 3 N OF ANTRIM ST & W OF GEORGE ST(PETERBOROUGH); PT LT 3 S OF PARKHILL RD & W OF GEORGE ST(PETERBOROUGH) AS IN R649026; S/T R649026 ; PETERBOROUGH |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| Region | Peterborough |
| City | Peterborough |
| Postal Code | K9H 3H2 |
| Area | Town Ward 3 |
| Listing VS Median (in K9H 3H2) | |
Price: $799,900 low | high Med: $0 On site: 26 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Peterborough |
| City | Peterborough |
| Postal Code | K9H 3H2 |
| Area | Town Ward 3 |
| Listing VS Median (in K9H 3H2) | |
Price: $799,900 low | high Med: $0 On site: 26 low | high Med: | |
