$499,000
For sale: Multiplex

This Victorian-era duplex in the heart of downtown Peterborough, currently operating as an investment property with separate units generating a total of $3,200 per month. The 2-storey property offers the flexibility to continue as a rental income opportunity or unlock its full potential through a complete renovation. The main floor features hardwood flooring, newer windows for abundant natural light, a spacious living room large enough to accommodate a dining area, and an eat-in kitchen with laminate flooring, a breakfast area, side-door entrance, laundry area with newer machines, two fridges, two microwaves, and convenient access to a recently renovated 3-piece bathroom with tile flooring, vanity, and separate shower. The second floor offers broadloom throughout, generous bedrooms, a 4-piece bathroom with tile flooring, vanity, and frosted privacy window, plus a unique bedroom with vinyl flooring, sink, pantry, and potential second kitchen space with room to add appliances. The partially finished basement includes above-grade windows, a cold room, and recreation area, offering excellent development potential for additional living space, or future customization. Recent utility updates include central air conditioning, hot water tank, and furnace motor, with LED lighting for improved energy efficiency. Outside, enjoy a private laneway with parking for 4 vehicles and a large fully fenced backyard with planters and garden shed, offering space to create a peaceful outdoor escape. Perfectly situated near the Otonabee River, Little Lake, James Stevenson Park, Nicholls Oval Park, Liftlock Golf Club, Kawartha Golf Club, nearby schools including St. Peter Catholic Secondary School, Queen Mary Public School & more. Plus historical landmarks, museums, art galleries, shopping, restaurants, community centres, Galaxy Cinemas, public transit, Peterborough Regional Hospital, and convenient access to the Trans-Canada Highway for travel throughout Northern Ontario and into Quebec.
Sold data
Homes in Town Ward 3 took a median of 27 days to sell over the last 365 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 47, across 139 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 49 days.
The median sale price was $475,000.
Homes sold for about 3.4% below asking on average, so there was room to negotiate.
About 10% of sales closed above the list price.
Around 22% of sellers reduced their price before finding a buyer.
Based on 139 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.
Schools
Peterborough (Town Ward 3) has 29 Fraser Institute–rated schools (23 elementary and 6 secondary), averaging 5.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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