2.5-Storey Century Flip or Rental Located in Peterborough’s Historical District!! Assigned

  • $675,000
  • 3 beds
  • 2 baths
  • 1965 sqft

Set on a quaint, tree-lined street in the historic district of Peterborough, this 3 bedroom, 2 bathroom, century home, is located close to all amenities that the downtown area provides. Featuring many of its original features, including: pine and maple wood floors, oak baseboard trim, high ceilings, and stained glass, this place is full of charm!! The partially finished attic space would be perfect for a future room, and not to mention, the wonderful sitting area located off of the master bedroom that would make for a fantastic office or a cozy parent retreat!! Make this your next rental property, in order to accommodate the lack of rental properties in Peterborough, or flip and profit on the market. This is a property that is full of endless potential, and you won’t want to miss out!!

We are selling our assignable purchase contract.

Closing is November 16th, 2021
*As per our APS, the Seller will be permitted to stay on the premises for no later than 8 months after closing, ending July 15, 2022. The rate will be $3000/month (excluding utilities, which shall be in the Seller’s name) calculated on a pro-rated basis. $25,000 will be held back by Seller’s lawyer in trust as compensation for the stay and damage deposit. Once the Seller has vacated the property and left it in reasonable condition, the remaining balance, if any, of the holdback shall be released to the Seller within 2 business days. Seller will provide a 60 day written notice to Buyer if leaving the property earlier than July 15, 2022.*

**As per our APS, the Seller agrees to allow the Buyer to enter the subject property to begin any renovations or work needed during this lease-back period with a 48 hour notice, or a mutually agreed time period through Buyer and Seller.**

***As per our APS, the Buyer agrees to cover the Seller’s legal fees up to $1200 CAD.***

PROPERTY FEATURES
  • 2.5-storeys
    • MPAC lists this property as only being 2 full storeys, however this does not account for the large attic space that could easily be finished and converted to an additional bedroom or living space. Because of this, we feel that this property is more accurately a 2.5-storey (Buyer to verify)
  • 3 bedrooms
    • Master bedroom includes a separate and connected sitting room, as well as a door that leads out to a flat roof
      • Flat roof could be utilized as a balcony if a railing is added (as per Seller)
      • Sitting room is currently being utilized as an office space
    • Third bedroom features 2 closets that are approximately 12×15 (as per Seller)
  • 2 full bathrooms (1 bathroom, as per MPAC)
    • 4-piece bathroom is located upstairs
      • This bathroom features a claw foot tub
    • 3-piece bathroom is located on the main floor
      • This bathroom was renovated 7-years-ago, and features a laundry area (as per Seller)
  • Built in 1906 (renovation and addition years listed as 1970, as per MPAC)
    • Renovations/additions include the kitchen, as well as the master bedroom (as per Seller)
  • Above grade: 1965 sq ft (as per MPAC)
    • First floor: 1040 sq ft (as per MPAC)
    • Second floor: 925 sq ft (as per MPAC)
    • The attic level’s square footage is not mentioned on the MPAC report, even though this could qualify as a half storey (Buyer to verify)
  • Stone basement: 1004 sq ft (as per MPAC)
  • Separate entrances:
    • Front door opens to the main hallway and living room area
    • Door in the kitchen area opens out to the deck area in the backyard
    • Door in master bedroom leads out to a flat roof balcony space (will require a railing and flooring to be added, as per Seller)
  • All appliances will be included
  • Flooring: original hardwood, tile
    • Original is a mix of pine and maple throughout (as per Seller)
  • Property features oak trim, original stained glass windows, and high ceilings throughout (as per Seller)
  • Kitchen was last renovated in the 1970’s, though is still in good condition (as per Seller) 
    • There is a gas connection in the kitchen for a stove, but it is not connected currently (as per Seller)
  • Fireplace located in the living room is an old coal burning, but also burns wood (as per Seller)
  • Ceiling in the living room will require cosmetic repair (damage was present when the property was first purchased and there has been no further damage or change, as per Seller)
  • Attic is partially finished and insulated (as per Seller)
  • 200 AMP breaker panel
  • Gas furnace was installed in 2009 (as per Seller)
  • Hot water rad units can be found throughout the property
  • HWT is rented (as per Seller)
  • No AC
  • Windows were updated in 2017 (as per Seller)
  • Roof is shingled, and was updated in 2018 (as per Seller)
  • Backyard features:
    • Dual-level deck that is 8-years-old (as per Seller)
    • Wooden shed 
  • Parking for 4 cars on the driveway
  • Lot size: 51 ft x 186 ft (as per MPAC)
  • Site area: 0.22 A (as per MPAC)
  • Zoning: R1 (as per MPAC)

PROPERTY NEEDS

  • Cosmetic updating
  • Finish attic, if desired

 

Please click HERE for more pictures and information.

Price:
$675,000
Address:
Charlotte St & Monaghan Rd
Peterborough, ON
Square Feet:
1965
Lot Size:
51 ft x 186 ft
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1906

Call (647) 400-2093 for more details

Property Location