Listed by Royal Lepage Frank Real Estate.

485-487 Sherbrooke Street is a Triplex, 2-Storey and is currently for Sale @ $485,000. Taxes in 2023 were $3,859.52.

More homes for sale under 500k in Peterborough

Approximately 7% Cap and "Additional Residential Unit Potential". The 2-Storey on 485-487 Sherbrooke Street has 4 bedrooms, 3 bathrooms, and is located on a 240.00 x 48.84 ft lot in the community of Otonabee . This side-by-side triplex has 2 one bedroom units at 485 that are currently vacant. Both have been freshly painted and are ready for new tenants at market rents. The landlord pays utilities on this side. 487 is a two storey, two bedroom unit, with long term tenants that would like to stay. They pay $982 plus heat, hydro, water and sewer, as well as yard maintenance. The property has plenty of potential, as the lot is 240 feet deep. This would potentially allow for additional Residential Units to be build out back. Great potential here for the investor, or live in one unit and rent the others. Home Inspection available and easy to show. (Potential Buyers to consult the City of Peterborough regarding any ARU potential)

The address 485-487 Sherbrooke Street was listed for sale (MLS# X8336240) on Tuesday, May 14, 2024.