588 Wolfe Street

Welcome to an exceptional investment opportunity with this Multi-Family Home for sale in Peterborough , located at 588 Wolfe Street, Peterborough. This fully renovated, two-unit residence is a true turn-key investment, perfect for those looking to expand their property portfolio. With a prime location in the vibrant community of Town Ward 3, this property offers both comfort and convenience.

As you approach 588 Wolfe Street, Peterborough, you will be greeted by its charming exterior, clad in durable vinyl siding. This multiplex building features a stylish two-storey design, making it an attractive option for potential tenants. The property comprises a total of 12 rooms, including four spacious bedrooms and two bathrooms, providing ample living space for families or individuals seeking a rental opportunity. The layout is thoughtfully designed, ensuring that both units have their own distinct areas while still being part of the same building.

The main floor unit of this Multi-Family Home for sale in Peterborough boasts two well-appointed bedrooms and a modern bathroom. Recent renovations include a gas furnace installed in 2021 and a central air conditioning system added in 2023, ensuring a comfortable living environment year-round. The kitchen is equipped with a built-in dishwasher, perfect for easy meal preparation and clean-up. This unit also benefits from separate hydro, water, and gas meters, providing independence and convenience for tenants.

On the upper level, the second unit mirrors the main floor with its own two bedrooms and bathroom. This unit features a mini-split air conditioning and heating system, newly installed in 2024, along with another built-in dishwasher. Additionally, a washer and dryer are included, making it a self-sufficient living space. Just like the main floor, this unit has separate hydro and water meters, further enhancing its appeal as a rental property.

Both units have undergone extensive renovations in 2023 and 2024, completed with the necessary permits and city approvals, ensuring peace of mind for any investor. Updates include new vinyl plank flooring throughout, modernised windows and doors, fresh paint, and beautifully remodelled kitchens and bathrooms. The attention to detail in these renovations makes this Multi-Family Home for sale in Peterborough a standout choice for discerning buyers.

Situated on a generous lot measuring 35 x 102 feet, this property offers a private driveway with parking space for up to six vehicles, a significant advantage in a bustling area. While there is no garage space, the ample parking ensures that tenants will have no trouble finding a spot. The property is connected to municipal water and sewer services, providing reliable utilities for both units.

The location of 588 Wolfe Street, Peterborough, is another key feature that enhances its desirability. Residents will enjoy easy access to major highways, including the 7, 115, 407, and 401, with Highway 115 just a short five-minute drive away. This proximity makes commuting to nearby cities such as Oshawa and Toronto a breeze. The area is rich in amenities, with educational institutions like Seneca College's renowned flight school at Peterborough Airport, Fleming College, and Trent University nearby. Healthcare needs are well catered for by the Peterborough Regional Health Centre, which serves both the city and surrounding areas.

In summary, this Multi-Family Home for sale in Peterborough at 588 Wolfe Street, Peterborough, presents a remarkable opportunity for investors. With its modern renovations, ideal location, and ample living space, it is a property not to be missed. Whether you are looking to live in one unit and rent out the other or seeking a fully rented investment, this home offers flexibility and potential for excellent returns. Don’t hesitate to seize this opportunity to add an exceptional property to your portfolio!

Town Ward 3 in Peterborough is a vibrant and diverse area that offers a unique blend of urban convenience and natural beauty. Nestled near the city centre, it boasts a mix of residential streets, local shops, and green spaces, making it an ideal place for families and professionals alike. The ward is well-served by public transport, providing easy access to the wider city and its amenities. With its rich history, community events, and friendly atmosphere, Town Ward 3 presents a welcoming environment for those looking to settle in a dynamic part of Peterborough. The proximity to parks and recreational facilities further enhances its appeal, ensuring a balanced lifestyle for its residents.

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 will find St. Alphonsus Catholic Elementary School, just 1.3 km away, offering grades JK to 8 with an English curriculum. Another nearby option is St. Catherine Catholic Elementary School, located 2.6 km from the property, which also serves grades JK to 8 but provides instruction in French. For secondary education, St. Peter Catholic Secondary School is only 1.5 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 standard. While the school ratings are not specified, the proximity to multiple schools in both English and French languages offers a diverse range of educational opportunities for children. This makes the property particularly appealing for families seeking a supportive community with accessible schooling options.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 511 residents, with an average household size of 2.4 individuals. The community's demographic profile reveals an average age of 38.8 years and a healthy average household income of $80,000. Notably, 10.8% of the population falls within the low-income bracket. The average property price in the area is approximately $480,000, reflecting a stable real estate market. A significant portion of the population, 55.17%, identifies as single, while 33.33% of households include children, indicating a family-friendly environment. The area is home to a modest immigrant population of 5.75%, contributing to its cultural diversity. Renters make up 42.11% of the housing market, with no condominiums present. Educational attainment is high, with 51.95% of residents holding a college or university degree. However, a notable 41.56% of the population is not in the labor force, which may influence the local economy. Overall, this demographic snapshot highlights a vibrant community with a mix of families, singles, and a focus on education, making it an appealing location for potential homeowners and investors alike.