Description

429-431 Stewart St Large Century Home sprinkled with character in fantastic location! Building Includes two separate side-by-side, 5 bedroom townhomes each containing separate utilities, full unfinished basements and rear parking. Total finished floor area is roughly 3800sqft, with an unfinished attic of roughly 1200 additional sqft that could permit more bedrooms, which if rented at market rates could earn an impressive 7.5% CAP rate for such a beautiful building near the center of Peterborough. Each side can also be duplexed to contain a total of 2 two-bedroom units, and 2 three-bedroom units. Building generates revenue and is of a high quality construction that will last for lifetimes.

Highlights

Updates include 4 piece bathroom, plumbing, electrical panel and shingles Fully occupied & leased 429 Stewart Street is leased for 2665/mo (monthtomonth)all included and 431 Stewart Street is leased for 3150/mo all included(May2024)