122 Park St N 11 Unit Apartment Building $1,799,900 CAD ($163,627 CAD/Unit) Peterborough, ON K9J 3V7

122 Park Street N presents an opportunity to acquire a fully leased multifamily asset in Peterborough's Town Ward 3, positioned near the city's downtown core and a broad range of retail, service, dining, and public amenities. The property consists of eleven residential units, including four one-bedroom units and seven two-bedroom units, providing a diversified unit mix designed to appeal to a broad tenant base.
The building is fully occupied, creating immediate in-place income supported by a structure in which tenants are responsible for utilities, including water and sewer expenses. Heating systems are individually configured, with three units utilizing electric baseboard heat and eight units served by individual natural gas furnaces. Capital improvements include replacement windows completed within the past decade, contributing to ongoing property maintenance.
Located near the intersection of Park Street and Perry Street, the property benefits from convenient access to downtown employment, services, transit routes, and community amenities. The site includes ample tenant parking and contains additional land at the rear of the property that may support future ancillary improvements, subject to municipal approvals. The property's R4 zoning designation supports its existing multifamily residential use.
For investors seeking a stabilized residential asset in one of Ontario's established regional markets, 122 Park Street N offers existing occupancy, utility cost pass-throughs, on-site parking, and proximity to the amenities and services that support long-term residential demand.