| Profitable Property is back with another discounted deal in Peterborough –Ā this time in the cityās highly desirable North End!
Located in a tree lined street in the Teacherās College Area, this beautiful century home is full of character and old world charm. The house has had some tasteful updates done through the years while still maintaining its character. There is hardwood and tile flooring throughout the house, along with an exposed brick wall in the living area. While the house is dated, it is in livable shape and could be financed using an A lender.
This property has a lot going on for itself. Here are a few different strategies for investors looking to bring the property to its highest and best use:
- With a depth of 160ft., and a wide driveway that provides easy access to the back of the property, there is potential to build a detached additional dwelling unit(ADU) in the backyard.
- For flippers looking for a project with cosmetic renos, this property is a great fit as it sits in a highly desired, family friendly neighbourhood.
- For investors looking to turn this property into a student rental, there is potential to add 2 or more bedrooms in the loft and basement. This house is located right on the Trent Express Bus Route.
While it is possible to do renovations and modify houses, it is not possible to recreate the charm of a street like this with mature trees and large lots. At a discounted price point of $499k, it is tough to go wrong with this Profitable Property!
CLOSING: May 31st, 2023
(Seller is open to closing sooner)
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