364 Parkhill Road W

Introducing a remarkable opportunity: a Multi-Family Home for sale in Peterborough , located at 364 Parkhill Road W, Peterborough. This excellent legal duplex is situated in the desirable Northcrest Ward 5, making it a prime location for anyone looking to invest in a property that offers both convenience and potential. The property is within walking distance of numerous amenities that Peterborough has to offer, including Brookdale Plaza, various bus routes, Jackson's Park, and an array of restaurants.

This impressive multiplex, styled as a two-storey building, boasts a robust brick exterior that not only enhances its aesthetic appeal but also promises durability. The property features two vacant two-bedroom units, allowing the new owner to set their own rents, which is a significant advantage for any investor. The total of four rooms in the building includes two kitchens, making it ideal for multi-family living or rental purposes. Each unit is equipped with two entrances, providing ease of access and added convenience for residents.

The Multi-Family Home for sale in Peterborough also offers a range of practical features. While it does not include a den, family room, or additional rooms, it compensates with its spacious layout and functionality. The property has two bathrooms, ensuring that residents have ample facilities. Although there is no central vacuum system or air conditioning, the radiant heating system provides warmth during the colder months. The absence of a fireplace and swimming pool may be noted, but the property’s strengths lie in its overall structure and location.

The lot measures an impressive 42 X 135 acres, providing ample outdoor space for activities or potential landscaping. Additionally, the property includes a detached garage that accommodates two vehicles, along with parking space for up to eight cars, which is a rare find in urban settings. The garage is currently rented out, generating an additional income of $200 per month, further enhancing the investment potential of this Multi-Family Home for sale in Peterborough.

Another noteworthy aspect of this property is its unfinished basement, which presents an opportunity for further development or storage space, depending on the new owner's vision. The property is connected to municipal water and sewer systems, ensuring reliable utility services for its residents. The roof has been recently updated in 2024, while the front porch was refurbished in 2020, and the garage door was replaced in 2025, demonstrating the care and attention that has been given to the property’s maintenance.

The location at 364 Parkhill Road W, Peterborough, is ideal for those seeking a blend of suburban tranquillity and urban convenience. The surrounding community is vibrant and offers a variety of recreational activities, making it an attractive place for families and individuals alike. This Multi-Family Home for sale in Peterborough is not just a property; it is an investment in a lifestyle that promotes accessibility and comfort.

For investors or those looking to establish a multi-family residence, this property presents a unique opportunity. With its vacant units, potential for rental income, and excellent location, it is poised to attract attention in the competitive real estate market of Peterborough. Don’t miss out on the chance to own this exceptional Multi-Family Home for sale in Peterborough. Book your private showing today and explore the possibilities that await at 364 Parkhill Road W, Peterborough. This property is a must-see for anyone looking to make a sound investment in a thriving community.

Northcrest Ward 5, nestled within the vibrant city of Peterborough, offers a charming blend of suburban tranquillity and urban convenience. This picturesque area is characterised by its tree-lined streets, well-maintained parks, and a variety of housing options that cater to families, professionals, and retirees alike. Residents enjoy easy access to local amenities, including shops, schools, and recreational facilities, all while being just a short drive from the bustling city centre. The community is well-connected by public transport, making it an ideal location for those who appreciate a peaceful environment without sacrificing proximity to the cultural and social offerings of Peterborough. With its friendly atmosphere and a strong sense of local pride, Northcrest Ward 5 is a delightful place to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. Within a short distance of just 1.0 km, you will find St. Anne Catholic Elementary School, which offers a curriculum in both English and French for students from Junior Kindergarten to Grade 8. Additionally, St. Peter Catholic Secondary School, located 1.3 km away, caters to students in Grades 9 to 12, also providing instruction in both languages. Both schools are part of the Peterborough Victoria Northumberland and Clarington Catholic District School Board, ensuring a consistent educational framework. The schools are categorized as Catholic institutions, emphasizing values-based education. Although the school ratings are currently not available, the proximity to these schools can be a significant advantage for families seeking quality education options. Overall, the availability of reputable schools nearby enhances the appeal of this property, providing peace of mind for parents regarding their children's education and fostering a strong community atmosphere.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 447 residents, with an average household size of 2.4 individuals. The demographic profile indicates a relatively young community, with an average age of 36.6 years. The average household income stands at $76,500, although 22% of the population is classified as low-income. The real estate market reflects an average property price of $490,000, appealing to a diverse demographic, including 49.3% of singles and 39.13% of households with children. Notably, 14.44% of the residents are immigrants, contributing to the area's cultural diversity. The rental market is also significant, with 33.33% of the population renting their homes, while there are no condominiums reported in the area. Education levels are commendable, with 50% of residents holding a college or university degree. However, a considerable portion of the population, 47.14%, is not in the labor force, indicating potential economic challenges. Overall, this community presents a mix of young professionals, families, and a diverse population, making it an intriguing area for potential homebuyers or investors.