Located in the heart of Peterborough, this well-positioned fourplex offers strong immediate cash flow supported by reliable tenants. The property features a diverse unit mix consisting of one one-bedroom, two two-bedroom, and one three-bedroom unit, with the three-bedroom unit currently vacant and ready for lease at market rent. Once stabilized, the property is projected to achieve a 6.4% capitalization rate.Each suite operates on individual baseboard electric heating, with Unit 1 uniquely equipped with its own furnace. All units have separate hot water tanks, and hydro is separately metered, with sub-panels installed for Units 3 and 4. All tenants are responsible for their own utilities, minimizing operating costs and improving net performance.With its balanced unit mix, solid rental structure, and strong in-place income, this property represents a turnkey investment opportunity in a growing and well-established community, ideal for investors seeking dependable returns and long-term stability. (id:61594)
| Business Type | Residential |
| Business Sub Type | Apartments |
| MLS® Number | X12469716 |
| Property Type | Multi-family |
| Community Name | Town Ward 3 |
| Equipment Type | Water Heater |
| Rental Equipment Type | Water Heater |
| Appliances | Dryer, Washer |
| Cooling Type | None |
| Heating Type | Baseboard Heaters |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Irregular | 0.1 |
| Size Total | 0.1 Ac |
| Size Total Text | 0.1 Ac |
| Zoning Description | R4 |
https://www.realtor.ca/real-estate/29005709/541-aylmer-street-n-peterborough-town-ward-3-town-ward-3
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