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Investment Highlights

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

Executive Summary

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!

Property Facts

Price $999,500 CAD
Price Per Unit $83,292 CAD
Sale Type Investment
Cap Rate 8.50%
No. Units 12
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Lot Size 0.08 AC
Building Size 3,000 SF
No. Stories 2
Year Built 1900
Parking Ratio 1.33/1,000 SF
Moderately walkable
70/100
Fairly drivable
50/100
Limited public transit
30/100
Moderately bikeable
60/100
  • Listing ID: 40009312

  • Date on Market: 2026-04-02

  • Last Updated:

  • Address: 271 Thomas St, Peterborough, ON K9J 5E7

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