189 Park Street N

Nestled in the heart of Peterborough, at 189 Park Street N, this well-maintained and recently renovated duplex stands as a remarkable opportunity for both investors and owner-occupiers alike. This Multi-Family Home for sale in Peterborough offers a unique blend of flexibility and strong investment potential, making it an attractive proposition for those looking to enter the multi-unit market.

The property features a two-storey multiplex design, clad in durable vinyl siding, which not only enhances its aesthetic appeal but also ensures low maintenance. With a total of 11 rooms, this home comprises two self-contained units: one featuring two bedrooms and the other boasting three bedrooms. Each unit is equipped with separate meters, allowing for independent living arrangements. This setup is particularly advantageous for investors seeking to maximise rental income or for families wishing to occupy one unit while renting out the other. The upper unit is currently occupied by a quiet, reliable tenant, providing immediate income, while the vacant lower unit presents an excellent opportunity for personal use or additional rental income.

Situated on a modest lot of 33 by 55 feet, the property includes a private triple driveway, offering ample parking space for up to three vehicles. While there is no garage, the convenience of dual access from both Park Street North and Park Place enhances functionality for tenants and owners alike. This Multi-Family Home for sale in Peterborough is designed to accommodate the needs of its residents with ease.

Inside, the home features two kitchens, allowing for efficient meal preparation in both units. However, it is worth noting that there is no additional kitchen or family room, which may be a consideration for those seeking more communal living spaces. The property boasts two bathrooms, ensuring that both units have adequate facilities for residents. Although the home does not feature air conditioning or a central vacuum system, it is equipped with forced air heating, ensuring comfort throughout the colder months.

The absence of a pool and fireplace may be seen as limitations; however, the property compensates with its excellent location and the amenities available in the surrounding area. With municipal water and sewer services, residents can enjoy the convenience of urban living without the hassle of maintenance issues typically associated with private systems.

Located in the Town Ward 3 community of Peterborough, this Multi-Family Home for sale in Peterborough is centrally positioned with easy access to downtown amenities, public transit, shopping, and essential services. This strategic location enhances the property's appeal, making it a practical, low-maintenance addition to any investment portfolio. With a cap rate exceeding 8%, it presents a smart entry point into the multi-unit market for those looking to diversify their investments.

The home has been well cared for, reflecting a pride of ownership that is evident throughout. Recent updates ensure that the property is clean and bright, ready for its next occupants. The full basement offers additional storage space, a valuable asset for both tenants and owners.

In summary, 189 Park Street N, Peterborough, is a versatile Multi-Family Home for sale in Peterborough, perfect for those looking to invest in a property with strong rental potential or for families seeking a dual-living arrangement. With its recent renovations, excellent location, and the promise of immediate income, this property is sure to attract interest from a variety of buyers. Don't miss the opportunity to explore this exceptional home, which truly embodies the spirit of community living in Peterborough.

Town Ward 3, located within the vibrant city of Peterborough, offers a unique blend of urban convenience and suburban charm. This area is characterised by its picturesque residential streets, green spaces, and a variety of local amenities, including shops, schools, and parks, making it an ideal place for families and individuals alike. The ward is well-connected by public transport, providing easy access to the city centre and surrounding areas. With a strong sense of community spirit, residents enjoy a welcoming atmosphere and numerous local events that foster neighbourly connections. Whether you're seeking a peaceful retreat or a lively environment, Town Ward 3 presents an inviting option for prospective residents.

Schools in the Neighbourhood

The property is conveniently located near several educational institutions, making it an ideal choice for families. Within a distance of 1.6 km, you'll find both Immaculate Conception Catholic Elementary School and St. Peter Catholic Secondary School, both operated by the Peterborough Victoria Northumberland and Clarington Catholic District School Board. Immaculate Conception offers a Catholic education for students from Junior Kindergarten to Grade 8, while St. Peter serves grades 9 to 12, providing a seamless transition for students as they progress through their education. Additionally, St. Anne Catholic Elementary School is located 2.6 km away, offering a French-language curriculum for grades JK to 8. The schools are all categorized as Catholic institutions, ensuring a values-based education. While the schools currently have a rating of 0, they are part of a well-regarded board, and their close proximity enhances the appeal of the property for families prioritizing education. With a mix of English and French language studies available, parents can choose the best fit for their children’s educational needs. Overall, this area is well-equipped to support the educational journey of your family.