339-341 Reid Street

If you’re on the lookout for a fantastic investment opportunity, look no further than this Multi-Family Home for sale in Peterborough ! Nestled at 339-341 Reid Street, Peterborough, this impressive duplex-style property is a gem waiting to be discovered. With its prime location in the heart of Town Ward 3, you’ll find yourself just a stone’s throw away from all the vibrant amenities that downtown Peterborough has to offer.

Spanning over 2,700 square feet, this well-maintained multiplex is currently set up as a professional and medical office, but don’t let that fool you! The potential for conversion into a mixed-use space is tremendous, making it a versatile option for investors, renovators, or even owner-occupiers looking to tap into some income potential. The layout is flexible, allowing for creative reconfiguration to meet a variety of residential and commercial needs. It’s truly an exciting time to consider this Multi-Family Home for sale in Peterborough!

As you explore the property, you’ll notice that it boasts a total of 18 rooms, including 5 additional rooms that can be tailored to your specific requirements. While there are no bedrooms or dens currently, the possibilities are endless. With 4 bathrooms on the premises, there’s ample convenience for both residents and guests. Although there’s no kitchen at present, this gives you the freedom to design a culinary space that suits your style.

The exterior of the building is a solid combination of brick and concrete, providing durability and a classic aesthetic. The property is a two-storey structure, which adds to its charm and potential. You’ll appreciate the central air conditioning, ensuring comfort during those warm summer months, while the forced air heating system keeps things toasty in the winter.

One of the standout features of this Multi-Family Home for sale in Peterborough is the parking situation. With space for up to 8 vehicles, it’s a rare find in this area, making it incredibly convenient for both residents and clients if you decide to utilise the property for commercial purposes. The private driveway adds an extra layer of accessibility, and with no garage on site, you can easily make use of the ample parking space.

Situated on a lot measuring 50 X 115 feet, the property also includes a full basement that has development potential. Although it’s partially finished, you’ll have the opportunity to expand and create additional living or working space as you see fit. The municipal water and sewer services are already in place, making this property even more appealing.

While the property is currently unfurnished, this gives you the chance to personalise it entirely to your taste. Whether you’re looking to create a stylish living space or a functional office, the blank canvas is yours to design. The age of the building, between 51-99 years, adds character and history, which can be a lovely touch when you’re considering renovations.

Location is everything, and this Multi-Family Home for sale in Peterborough is perfectly positioned close to downtown amenities, transit options, shops, and services. This means you’ll have everything you need right at your doorstep, enhancing the overall appeal of the property.

In summary, if you’re seeking a property with immense potential in a desirable location, this is the one for you. The opportunity to own a Multi-Family Home for sale in Peterborough at 339-341 Reid Street, Peterborough, is not to be missed. With its spacious layout, flexible configuration, and prime location, it’s an excellent choice for anyone looking to invest in a property that offers both residential and commercial possibilities. Don’t hesitate to explore this remarkable opportunity!

Town Ward 3 in Peterborough is a vibrant and diverse geographic area that offers a blend of urban convenience and natural beauty. Nestled near the city centre, it boasts a variety of local amenities, including shops, cafes, and parks, making it an ideal location for families and professionals alike. The ward is well-connected by public transport, providing easy access to the wider city and beyond. Residents can enjoy the picturesque surroundings of green spaces, while also benefiting from a strong sense of community spirit. With its rich history and ongoing development, 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, you'll find Immaculate Conception Catholic Elementary School, just 1.5 km away, offering grades JK to 8 in English. St. Anne Catholic Elementary School is also nearby, located 2.0 km from the property, providing a French language program for the same grade levels. For secondary education, St. Peter Catholic Secondary School is only 1.3 km away, catering to grades 9 to 12 in both English and French. All these schools are part of the Peterborough Victoria Northumberland and Clarington Catholic District School Board, ensuring a consistent educational framework. While the school ratings are currently not available, the proximity to multiple educational options highlights the family-friendly nature of the neighborhood. With a variety of language programs and grade levels, families will appreciate the accessibility and choices available for their children's education. This blend of convenience and educational opportunities makes the property a compelling option for potential buyers seeking a vibrant community for their family.