822 St. Mary's Street

Introducing a remarkable opportunity with this Multi-Family Home for sale in Peterborough , located at 822 St. Mary's Street, Peterborough. This well-maintained multiplex offers a blend of comfort and potential, ideal for investors or families seeking additional living space. Set on a generous corner lot measuring 129 X 50 feet in the Otonabee Ward 1 community, this property is perfectly positioned for those who appreciate both space and accessibility.

The building style is a charming 1 1/2 storey design, featuring a robust exterior clad in vinyl siding, ensuring durability and low maintenance. The property comprises two distinct units, making it an excellent choice for those looking to live in one unit while renting out the other. This Multi-Family Home for sale in Peterborough boasts a total of nine rooms, including two well-appointed bedrooms and two bathrooms, catering to the needs of various households.

Unit 1 is a cosy one-bedroom, one-bathroom space that includes an eat-in kitchen and a comfortable living room. The kitchen is functional and inviting, perfect for casual dining and entertaining. In contrast, Unit 2 offers a more spacious layout, featuring a south-facing living room adorned with large windows that flood the space with natural light. This unit also benefits from a separate entrance and dedicated parking, making it ideal for tenants or extended family members.

Both units are equipped with separate meters, providing convenience and privacy for each household. The property has undergone several upgrades, including new flooring and enhanced wiring, ensuring a safe and modern living environment. The absence of a central vacuum system and air conditioning may be noted, but the home’s baseboard heating provides ample warmth during the colder months.

While there is no pool or fireplace, the expansive yard offers a blank canvas for outdoor activities, gardening, or simply enjoying the fresh air. The property is unfurnished, allowing new owners to personalise their living spaces according to their tastes and preferences. Additionally, the crawl space basement provides extra storage options, although it does not feature a full basement.

The location of this Multi-Family Home for sale in Peterborough at 822 St. Mary's Street, Peterborough, is another significant advantage. The area is well-served by municipal water and sewer services, ensuring a hassle-free living experience. The private double driveway accommodates two vehicles, providing ample parking for residents and guests alike.

Internet connectivity is available, making it easy for residents to stay connected, whether for work or leisure. The absence of a family room may be a consideration for some, but the generous layout of both units compensates with ample living space.

In summary, this Multi-Family Home for sale in Peterborough presents an excellent opportunity for those looking to invest in a property with potential for growth. With its strategic location at 822 St. Mary's Street, Peterborough, and its well-designed living spaces, this property is not to be missed. Whether you are an investor seeking rental income or a family looking for a home with additional living options, this property checks all the boxes.

Do not hesitate to explore the possibilities that await you at this exceptional Multi-Family Home for sale in Peterborough. With its combination of comfort, space, and location, 822 St. Mary's Street, Peterborough, is poised to meet the needs of a variety of buyers. Seize this opportunity to make this charming multiplex your next investment or family home.

Otonabee Ward 1, nestled within the vibrant city of Peterborough, offers a picturesque blend of natural beauty and urban convenience. This charming area is characterised by its lush green spaces, including parks and trails that wind alongside the serene Otonabee River, making it ideal for outdoor enthusiasts. The ward features a mix of residential neighbourhoods, ranging from quaint family homes to modern developments, all within easy reach of local amenities such as shops, schools, and recreational facilities. With a strong sense of community spirit and a welcoming atmosphere, Otonabee Ward 1 presents an appealing environment for those seeking a balanced lifestyle in a thriving city.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is St. Alphonsus Catholic Elementary School, just 0.1 km away, offering grades JK to 8 with an English language curriculum. For secondary education, Holy Cross Catholic Secondary School is situated 1.6 km from the property, serving grades 9 to 12 in English. Additionally, St. Catherine Catholic Elementary School, located 2.4 km away, provides an elementary education in French for grades JK to 8. For older students, St. Peter Catholic Secondary School is also nearby, at a distance of 2.3 km, offering a French language curriculum for grades 9 to 12. All these schools are part of the Peterborough Victoria Northumberland and Clarington Catholic District School Board, ensuring a cohesive educational experience within the Catholic framework. The close proximity of these schools not only supports convenience for daily commutes but also enhances the community feel, making it an attractive option for potential buyers seeking a family-friendly environment.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 589 residents, with an average household size of 2.1 individuals. The demographic profile reveals an average age of 47.1 years, indicating a mature community. The average household income stands at $71,000, with 12.8% of the population classified as low-income. The real estate market shows an average property price of $432,000, appealing to a diverse range of buyers. Notably, 54.29% of the population is single, while 27.27% of households include children, suggesting a mix of family dynamics. The community has a modest immigrant presence at 7.69%, and 35.71% of residents are renters, reflecting a balanced housing market. Additionally, 16.07% of the housing consists of condominiums, catering to those seeking lower-maintenance living options. Educational attainment is relatively high, with 43.75% of residents holding a college or university degree. However, a significant portion, 36.46%, is not in the labor force, which may indicate a retirement community or individuals pursuing other interests. Overall, this area presents a unique blend of demographics, making it an intriguing option for potential homeowners or investors.