565 Romaine Street

Welcome to the delightful **Multi-Family Home for sale in Peterborough ** at 565 Romaine Street, Peterborough. Nestled in the vibrant heart of Town Ward 3, this splendid multiplex is not just a house; it’s a fantastic opportunity for both homeowners and savvy investors alike. With its charming brick exterior and two-storey layout, this property boasts two separate units, each offering 2 bedrooms and 2 dens, making it a perfect choice for those looking to maximise their living space or generate rental income.

As you step inside this **Multi-Family Home for sale in Peterborough**, you’ll immediately notice the thoughtful updates throughout. Both units have been enhanced with fresh paint, modern lighting, and updated flooring, creating bright and inviting living spaces that are sure to impress. With a total of 8 rooms, including two kitchens, this home is designed for comfort and functionality. Each unit has its own private entrance, ensuring that both residents can enjoy their privacy while still being part of a community.

The location of 565 Romaine Street, Peterborough, is truly unbeatable. Just a stone's throw away, you’ll find grocery stores, shopping centres, restaurants, and entertainment options, making everyday living a breeze. Public transit is also conveniently close, providing easy access to the rest of Peterborough and beyond. This makes the **Multi-Family Home for sale in Peterborough** not only a great place to live but also a prime investment opportunity.

While this property does not come with air conditioning or a pool, it does feature a full, unfinished basement, which could be transformed into additional living space or storage as needed. The home is heated by a baseboard heating system, ensuring warmth during the chilly months. Although there’s no central vacuum system or fireplace, the family room offers a cosy area for relaxation and gatherings.

Outdoors, you’ll find a detached garage that accommodates one car, along with a private driveway that can fit up to two vehicles. The lot measures a generous 39 by 102 feet, providing ample space for a private yard, perfect for relaxing or entertaining friends and family. It’s a lovely spot to enjoy the fresh air and sunshine, even if there are no extra features like a pool or landscaped gardens.

The property is unfurnished, giving you the freedom to style it to your taste. Whether you’re looking to move in and make it your own or rent it out, the **Multi-Family Home for sale in Peterborough** offers incredible potential. The seller is even willing to contribute up to £2,000 towards the buyer's legal fees, making this opportunity even more enticing.

In summary, 565 Romaine Street, Peterborough, is a well-maintained duplex that checks all the boxes for anyone in search of a multi-family living arrangement or an investment property. With its prime location, updated interiors, and the potential for rental income, this **Multi-Family Home for sale in Peterborough** is not to be missed. Whether you’re a first-time buyer or an experienced investor, this property offers exceptional value and a chance to be part of a thriving community. Don’t let this opportunity slip away; come and see for yourself what makes this home so special!

Town Ward 3, nestled within the vibrant city of Peterborough, offers a unique blend of urban convenience and suburban charm. This diverse area is characterised by its well-established residential neighbourhoods, green spaces, and local amenities, making it an appealing choice for families and individuals alike. With easy access to public transport and major roadways, residents enjoy a seamless connection to the bustling city centre and surrounding attractions. The ward is home to a variety of shops, parks, and community facilities, fostering a welcoming atmosphere where neighbours can engage and connect. Whether you’re seeking a peaceful retreat or a lively environment, Town Ward 3 provides a balanced lifestyle that caters to a wide range of preferences.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within just 0.8 km, you'll find St. John Catholic Elementary School, which offers grades JK to 8 and follows the English curriculum under the Peterborough Victoria Northumberland and Clarington Catholic District School Board. For secondary education, St. Peter Catholic Secondary School is located 2.3 km away, providing a Catholic education for grades 9 to 12 in both English and French. Additionally, St. Catherine Catholic Elementary School, situated 3.0 km from the property, also offers grades JK to 8 with a focus on French language instruction. All these schools are part of the same Catholic school board, ensuring a consistent educational philosophy. While the school ratings are currently not available, the proximity of these institutions to the property adds significant value for families prioritizing education. Overall, the area boasts a strong educational framework, supporting both elementary and secondary students in a nurturing environment.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 626 residents, with an average household size of 2.3 individuals. The demographic profile indicates a relatively mature community, with an average age of 39.2 years. The average household income stands at $70,000, although 13.6% of the population lives below the low-income threshold. The housing market reflects an average property price of $420,000, and a significant portion of the population, 41.51%, are renters. Single individuals make up a substantial 59.81% of the community, while households with children represent 31.25%. The area has a small immigrant population, accounting for 3.68%. Educational attainment is notable, with 37.72% of residents holding a college or university degree. However, a considerable 38.6% of the population is not actively participating in the labor force. Interestingly, there are no condominiums available in the area, suggesting a different housing landscape. Overall, this demographic snapshot indicates a diverse community with a mix of families, singles, and a balance between renters and homeowners, set against a backdrop of moderate income levels and educational achievement.