187 Stewart Street

Welcome to this exceptional Multi-Family Home for sale in Peterborough , located at 187 Stewart Street, Peterborough. This legal vacant duplex presents an incredible investment opportunity, boasting two spacious three-bedroom units that are perfect for both investors and first-time homebuyers looking to generate additional income. With a wealth of character, this property features beautiful high ceilings and has been freshly painted, complemented by newly installed flooring throughout.

As you step into the main floor unit of this Multi-Family Home for sale in Peterborough, you will find three bright and generously sized bedrooms, offering ample space for family living or potential tenants. The full bathroom on this level is conveniently situated, and the eat-in kitchen provides a welcoming space for meals and gatherings. The layout is designed to maximise comfort and functionality, making it an ideal choice for those seeking a home that combines practicality with charm.

Moving to the second floor, the unit features another three bedrooms, providing plenty of room for a growing family or additional rental income. This level also includes a versatile bonus room at the back, which boasts its own entrance. This space can be utilised as an extra bedroom, a cosy living area, or even a home office, catering to various lifestyle needs. With a total of twelve rooms across both units, this Multi-Family Home for sale in Peterborough is designed to accommodate a variety of living arrangements.

Situated in the vibrant Town Ward 3 community, this property at 187 Stewart Street, Peterborough is conveniently located near parks, grocery stores, restaurants, and bus routes. You will find that everything you need is within easy reach, making daily life both comfortable and convenient. Additionally, the property is less than ten minutes from Highway 115, ensuring quick access to the wider area.

The exterior of the building is constructed from sturdy brick, adding to its appeal and durability. The lot measures 36 by 116 feet, providing a decent outdoor space for potential landscaping or leisure activities. However, it is worth noting that there is no pool or garage space associated with this property, which may be a consideration for some buyers. The driveway is mutual, allowing for parking space for two vehicles, which is a valuable feature in this bustling area.

Inside, the property is unfurnished, providing a blank canvas for new owners to personalise the space to their taste. The heating is provided by a forced air system, ensuring warmth during the colder months. Unfortunately, there is no central vacuum system or air conditioning, which may be something to consider for those who prefer these modern conveniences. The basement is unfinished, offering potential for further development, whether for storage or additional living space.

This Multi-Family Home for sale in Peterborough is an outstanding opportunity for those looking to invest in a property that offers both comfort and income potential. The combination of its prime location at 187 Stewart Street, Peterborough, and its spacious layout makes it a fantastic choice for anyone looking to enter the property market or expand their investment portfolio.

Don’t miss out on this remarkable chance to own a property that not only provides a place to live but also the potential for additional income. With its appealing features and strategic location, this Multi-Family Home for sale in Peterborough is sure to attract interest. Make your move today and seize this fantastic opportunity!

Town Ward 3, nestled within the vibrant city of Peterborough, offers a unique blend of urban convenience and natural beauty. This area is characterised by its diverse housing options, ranging from charming period homes to modern developments, catering to a variety of lifestyles. Residents enjoy easy access to local amenities, including shops, schools, and parks, making it an ideal place for families and individuals alike. The community is well-connected by public transport, allowing for seamless travel to the city centre and beyond. With its welcoming atmosphere and a strong sense of local identity, Town Ward 3 presents an inviting environment for anyone looking to settle in Peterborough.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance of 1.5 km, you will find Immaculate Conception Catholic Elementary School, which serves grades JK to 8 and offers instruction in English. Additionally, St. Anne Catholic Elementary School is located 2.6 km away, providing a French-language curriculum for the same grade levels. For secondary education, St. Peter Catholic Secondary School is just 1.8 km from the property, offering both English and French programs for grades 9 to 12. All these schools are part of the Peterborough Victoria Northumberland and Clarington Catholic District School Board and are recognized for their commitment to Catholic education. While the schools currently do not have ratings available, their proximity to the property ensures that quality education options are easily accessible for your children. This blend of elementary and secondary schools within a reasonable distance enhances the appeal of the neighborhood for potential buyers seeking a family-friendly environment.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small community with a population of 619 residents and an average household size of 1.9. The average age of residents is 42.7 years, indicating a mature population. Economic conditions show an average household income of $46,000, with a significant portion (36.4%) classified as low-income. The housing market reflects an average property price of $400,000, with a high percentage of renters at 88.89%, and no condos available in the area. Notably, a majority of the population (74.77%) is single, and only 20% of households have children, suggesting a demographic skew towards individuals or couples without dependents. Education levels are relatively high, with 37.78% of residents holding a college or university degree. However, a substantial portion of the population (44.44%) is not participating in the labor force, which may impact local economic activity. Additionally, the area has a modest immigrant presence at 8.16%, contributing to its diversity. Overall, the community appears to be characterized by a mix of single individuals, a high rental market, and economic challenges.