Take advantage of a fantastic 7.26% CAP Rate at 2,4,6,& 8 -185 Parkhill! LIVE IN ONE UNIT + CASH FLOW ~ $1,300/MONTH, OR RENT ALL 4 FOR +$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 manag...ed & offered for sale for the first time in 28 years. Potential income of ~$85,628 (close to finalizing the 4th lease). 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 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 APPEAL. Unit #4 is currently VACANT and available for showings. Buyer to assume all existing tenancies ( 3 leases on units 2,6 & 8 and 5 tenants in total). Please do not walk the yards or disturb the tenants of Units #2, #6 or #8 without an accepted offer. 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!
Full Property Details
Interior
Bedrooms
8
Total Bedrooms
8
Washrooms
4
Square Footage
3000-3500 sqft
Basement
Unfinished
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
Central Air
Family Room
No
Kitchens
4
Total Kitchens
4
Fireplace Features
No
Bedrooms
8
Total Bedrooms
8
Washrooms
4
Square Footage
3000-3500 sqft
Basement
Unfinished
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
Central Air
Family Room
No
Kitchens
4
Total Kitchens
4
Fireplace Features
No
Exterior
Depth
160.0
Front
63.21
Driveway
Private Triple
Lot Size
63 x 160.0 ft
Pool
None
Parking Spaces
8
Total Parking Spaces
8.00
Parking Description
None
Garage Spaces
0
Depth
160.0
Front
63.21
Driveway
Private Triple
Lot Size
63 x 160.0 ft
Pool
None
Parking Spaces
8
Total Parking Spaces
8.00
Parking Description
None
Garage Spaces
0
Building Description
Style
1 1/2 Storey
Home Type
Apartment
Subtype
Fourplex
Property Orientation
South
Exterior Finish
Vinyl Siding
Sewers
Sewers
Water Supply
Municipal
Possession Date
No Data
Style
1 1/2 Storey
Home Type
Apartment
Subtype
Fourplex
Property Orientation
South
Exterior Finish
Vinyl Siding
Sewers
Sewers
Water Supply
Municipal
Possession Date
No Data
Community
Community
Town Ward 3
Community
Town Ward 3
Taxes & Fees
Taxes
$5,365.48 /yr
Tax Year
2026
Occupancy
Tenant
Taxes
$5,365.48 /yr
Tax Year
2026
Occupancy
Tenant
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