185 W Parkhill Road

About this home

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 managed & 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!

Details

Type

Fourplex

Style

1 1/2 Storey

Size

3000-3500 sq ft

Lot

63.21 × 160 ft

Basement

Unfinished

Garage

None

Kitchens

4

Property tax

$5,365 (2026)

Neighbourhood

Town Ward 3

Municipality

Peterborough

Interior

Bedrooms

8 above ground

Bathrooms

4 × 4-piece (main)

Rooms

20 above ground

Family room or den

No

Fireplace

No

Features

Carpet Free

Heating, cooling and services

Heating

Forced Air, Gas

Air conditioning

Central Air

Water and sewer

Sewer

Building and exterior

Style

1 1/2 Storey

Exterior

Vinyl Siding

Roof

Metal

Foundation

Concrete

Faces

South

Parking

Total parking

8

Driveway and parking

Private Triple

Lot

Size

63.21 × 160 ft (irregular)

More

Possession

30-90 Days

Cross street

Parkhill Rd W /Between George/Alymer