649 Charlotte Street, Peterborough - Sold for $487,000 | Modern Solution Realty

649 Charlotte Street, Peterborough

649 Charlotte Street in Peterborough - 5 bedroom, 3 bathroom. Sold for $487,000. Listed at $519,900.

Introducing 649 Charlotte St, Peterborough - an exceptional fully tenanted triplex ideally located close to downtown, the hospital, and all of Peterborough's key amenities. This property combines modern updates, solid income, and investment versatility. The main 3-bedroom unit (approx. 1,200 sq. ft.) has been renovated top-to-bottom and is currently rented for $2,100/month plus hydro. It features its own forced-air gas furnace and separate hydro meter, ensuring efficient operation. The two bachelor apartments are fully leased at $863/month and $850/month (both inclusive), sharing a secondary gas furnace and also separately metered for hydro. With an annual gross income of $45,756 and estimated annual expenses of $14,223 (including taxes, utilities, and insurance), the property generates a strong net operating income of approximately $31,500. Parking is available at both the front and rear, providing convenience for tenants. This well-maintained, income-producing triplex offers an excellent opportunity to acquire a turnkey investment in a prime Peterborough location.

Property Details

  • Property Type: Mortgage
  • Style: 2-Storey
  • Basement: Full
  • Heating: Gas
  • Cooling: None
  • Parking: 6 spaces
  • Property Taxes: $5,484/yr
  • Neighbourhood: Town Ward 3
  • Postal Code: K9J 2X2

See more sold prices and current listings with Modern Solution Realty. 1% commission listing services available.