260 Stewart St, Peterborough, ON K9J 3M9

Beautiful, Brick, Legal Duplex On A Large, Fenced Lot With A Detached Garage With Both Units Vacant. Set Rents At Whatever You Like. High Demand Rental Area. CAP Rate Of 7% At Current Market Rents. Units Have Separate Entrances And Separate Meters For All Utilities. 1-3 Bedroom And 1-2 Bedroom. Rent Both Units Or Live In One And Rent One Out. Lot Can Be Severed To Create A Separate Building Lot (Have Drawings) Or Can Add Additional Building On The Property. In Addition To The Stewart Street Entrance The Property Has A Private Laneway And Deeded Right Of Way To King Street From The Backyard. 5 Car Parking (4 Outside, 1 In Garage). Have Survey (2018). Compliant With Free Code - Smoke, CO, Fire Detectors, Fire Extinguishers. All Electrical And Plumbing Upgraded (ESA Certificates Available).

This centrally located, detached brick, legal duplex is walking distance to shops, restaurants and parks. Perfect for investors or someone wanting to live in one unit and rent the other, and it is currently vacant, but when rented has a CAP rate of 6.4%. The main floor unit boasts an open concept kitchen and living room, two large bedrooms and updated bathroom. The upper unit features a large kitchen, three bedrooms and a spacious loft for versatile living space. Units are separately metered for all utilities and have separate laundry. This turn-key duplex has many upgrades and it's situated on an oversized, fully fenced lot with potential to be severed to yield a saleable building lot (drawings available; process begun), or add an additional income generating residential building. Property has a second entrance through a laneway from the backyard with deeded access to King Street. Parking for four cars in the driveway and one space in the detached garage.