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296-298 Park Street N — Fourplex

Sold

Peterborough, ON K9J 3W5

8 Bed · 4 Bath · Fourplex

MLS #X8371366

$940,000

Sold on June 17, 2024

June 17, 2024

Originally listed at $989,900 18 days on market

About This Property

WOW! Attention Investors! Multi-plex featuring four self contained, 2 bedroom units. With Four separate furnaces, four separate hydro meters, four separate gas meters, one upper unit with central air, Completely vacant allowing the opportunity to set your own rents, this income property has the potential to easily yield over an 8% cap rate. Don't miss out on this opportunity, offering promising potential for both income generation and multi-generational living, this property is a must-see. Renovated in 2016, each unit boasts updated kitchens with quartz countertops and updated bathrooms, ensuring contemporary comfort and style. Meticulously cared for, the property features beautiful hardwood flooring and well-kept interiors, promising lasting quality. On the edge of the avenues, located in the old west end, close to downtown amenities and bus routes, residents can enjoy easy access to shopping, dining, and transportation. Whether you're an investor seeking high returns or a family in search of a comfortable multi-generational home, this property offers the perfect blend of modern living and convenience. Seize the opportunity!

Property Details

Bedrooms

8

Bathrooms

4

Property Type

Fourplex

Style2-Storey
Lot Size62 107 ft
Frontage61.7 ft
Depth106.7 ft
GarageCarport
BasementFull
CoolingOther
HeatingForced Air
Parking Spaces6
Listed OnMay 23, 2024
Property Tax$6,566/year

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Rooms

NameSize (m)Size (ft)Features
Kitchen(Main)3.35 x 3.2211.0 x 10.6-
Dining Room(Main)3.35 x 3.6211.0 x 11.9-
Living Room(Main)4.35 x 4.6414.3 x 15.2-
Bedroom(Main)3.39 x 3.2211.1 x 10.6-
Other(Main)3.39 x 3.3511.1 x 11.0-
Bathroom(Main)2.27 x 1.777.4 x 5.8-
Kitchen(Second)3.37 x 3.0711.1 x 10.1-
Primary Bedroom(Second)3.36 x 3.311.0 x 10.8-
Bedroom(Second)3.36 x 3.2311.0 x 10.6-
Family Room(Second)5.77 x 4.8318.9 x 15.8-

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Price History

Original List Price

$989,900

Listed on May 23, 2024

Sold Price

$940,000

Sold on Jun 17, 2024

-$49,900

-5.0%

18 days on market

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Recently Sold Nearby

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Available For Sale Nearby

Available Nearby

OQ

Your Agent

OVAIS QASSIM

Broker of Record

PREMIER MATRIX REALTY LTD. BROKERAGE

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Home Features

Property TypeFourplex
Style2-Storey
Lot Size62 × 107 ft
Frontage61.7 ft
Depth106.7 ft
GarageCarport
BasementFull
CoolingOther

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About 296-298 Park Street N, Peterborough, ON K9J 3W5

296-298 Park Street N, Peterborough, ON K9J 3W5 is a 8-bedroom, 4-bathroom 2-storey fourplex, situated on a 62 107 foot lot. This property is currently sold (sold for $940,000). The home features a carport garage and a full basement.

Town Ward 3 Neighbourhood

This home is located in Town Ward 3, part of Peterborough in the Peterborough area. Explore more homes for sale and recently sold properties in this neighbourhood.

Whether you are looking to buy, sell, or lease in Town Ward 3, our team of experienced real estate professionals can help you navigate the market and find the perfect home. Contact us today for a free consultation.

296-298 Park Street N, Peterborough, ON K9J 3W5

296-298 Park Street N, Peterborough, ON K9J 3W5 sold,8 bedroom fourplex Town Ward 3,Peterborough homes for sale,Peterborough real estate,2-Storey homes, fourplex sold