226 Mcdonnel Street
Town Ward 3, Peterborough
$479,900
Welcome to this spacious and well-maintained 7-bedroom student rental, ideally located in the heart of the city, within easy walking distance of all downtown amenities, restaurants, shopping, and public transit. The home offers generous common areas, spacious living room, a full kitchen on the main floor plus a basement kitchenette, two washrooms (4-piece and 3-piece bath), central air, full laundry facilities, and a sunny rear deck. Fully leased at $4,750 per month (including utilities, laundry, wifi) until April 30, 2027. Recent upgrades include new 30-year shingles (2023-24) new basement flooring, washroom renovation.
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| Type | Detached |
| Style | 2 1/2 Storey |
| Approx. Age | 51-99 |
| Size | 1500-2000 sq. ft. |
| Property Tax | $4,582 |
| Lot Size | 53.01 ft x 100.01 ft |
| mls© Number | X13523326 |
| Listed By | RE/MAX HALLMARK EASTERN REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,456
- Property tax
- $382
- Heat allowance
- $150
- Housing costs
- $2,988 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$92,000
gross annual household income
- Payment at 4%
- $2,019 / mo
- Cash down
- $95,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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