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Listed 2 months ago

467 ALBERT Street

Town Ward 3, Peterborough

$254,900

Detached|2 1/2 Storey
4 | 4 | 0
About this home

Attention Investors, Renovators & Contractors! Opportunity awaits at 467 Albert Street in Peterborough. This 2.5-storey brick duplex is fully vacant and ready for its next chapter. The property is in need of a full renovation, offering a blank slate for an investor or renovator looking to bring it back to life and build equity. With both units vacant, you can get to work right away without the challenges of existing tenancies. The solid brick exterior, established residential location and duplex configuration provide plenty of potential for those with the vision and experience to take on a substantial project. This is not a cosmetic fixer-upper - bring your tools, plans and imagination. Whether you're looking to renovate and hold as an income property, add to your rental portfolio, or explore other possibilities, 467 Albert Street is a chance to create value from the ground up. Fully vacant. Full renovation required. Bring your contractor and see the potential! This property is being sold as-is, where-is with no representations or warranty. Currently set up as a duplex, city will allow a retrofit done to bring it up to standards as legal duplex.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2 1/2 Storey
Approx. AgeNot available
Size< 700 sq. ft.
Property Tax$3,538
Lot Size22.3 ft x 82.9 ft
mls© NumberX13700212
Listed ByMinCom Kawartha Lakes Realty Inc.

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%
$1,305
Property tax
$295
Heat allowance
$150
Housing costs
$1,750 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $50,980
25-yr amortization

Income needed

$54,000

gross annual household income

Payment at 4%
$1,073 / mo
Cash down
$50,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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