38 photos
185 W Parkhill Road, Peterborough, ON K9H 3H2
Town Ward 3 · Peterborough · K9H 3H2
$799,900
About this property
Take advantage of a fantastic 7.26% CAP Rate at 2,4,6,& 8 -185 Parkhill!+$3,000/MONTH CASH FLOW! Rare opportunity to own an exceptionally maintained, turnkey 4-plex CASH COW in Peterborough on nearly half an acre - professionally managed & offered for sale for the first time in 28 years. Income of +$85,000/year. EXTENSIVELY RENOVATED INSIDE & OUT over the past 15 years, including METAL ROOFS, WINDOWS, ELECTRICAL wiring & panels, PLUMBING, DRYWALL, VINYL SIDING, furnaces, central air conditioners, full interior renovations, attractive composite decks, fences & much more. Units #2 & #4 are single-storey 2-bed, 1-bath units w/partial basements. Units #6 & #8 are spacious 1.5-storey 2-bed, 1-bath units featuring large primary bedrooms on the 2nd floor, partial basements w/laundry rooms. 2 Houses with 4 semi-detached all above ground units. Each unit enjoys its OWN PRIVATE, FULLY FENCED BACKYARD & 2 PARKING SPACES. Separate meters and tenants pay all utilities. A well-maintained, substantially updated 4-plex offering the combination investors look for: STRONG CASH FLOW, FOUR 2-BEDROOM ALL ABOVE GROUND UNITS, PRIVATE YARDS, AMPLE PARKING, EXTENSIVE CAPITAL IMPROVEMENTS and LONG-TERM RENTAL. Buyer to assume all existing tenancies. Excellent central location within walking distance of amenities & public transit, w/convenient access to Trent University & Peterborough's Colleges, walking/bike lane provide convenient south access to Antrim Street. Everything is done & done well! Just buy and enjoy solid cash flow from day 1!
Details
- Property type
- Fourplex · Residential Freehold
- Bedrooms
- 8
- Bathrooms
- 4
- Living area
- 3000-3500 sq ft
- Lot
- 63.21 × 160 Feet
- Style
- 1 1/2 Storey
- Heating
- Forced Air · Gas
- Cooling
- Central Air
- Sewer / septic
- Sewer
- Basement
- Unfinished
- Garage
- None
- Parking total
- 8
- Taxes
- $5,365 (2026)
Location
Approximate location, placed by postal code. Postal code data © GeoNames (CC BY 4.0).
Payments on this home
Estimated monthly payment
$3,542
Principal and interest only, using Canadian semi-annual compounding. Taxes, insurance, and CMHC premiums (required under 20% down) are extra. For planning, not a lending commitment.
Listing courtesy of RE/MAX REALTRON REALTY INC.. Listing data provided by the originating real estate board via PropTx Amplify Syndication.
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Information is deemed reliable but not guaranteed accurate. Room measurements are deemed reliable but not guaranteed.