

194 London Street
Town Ward 3, Peterborough
$445,900
Exceptional Investment Opportunity in the Heart of Peterborough! Welcome to 194 London Street, a solid all-brick triplex in a prime downtown location, just steps from public transit, walking trails, parks, and all major amenities. This property is ideal for investors looking to add a reliable, income-generating asset to their portfolio. Excellent central location, perfect for students and working professionals. Private on-site parking. Coin-operated laundry in basement for added convenience. Generous backyard space for tenants to enjoy. Two Vacant units and you can set your own rents and hand-pick your tenants Unit Break down: Unit #1: Vacant - potential rent $1,450 + hydro Unit #2: $1,780/month, all-inclusive (tenanted)Unit #3: Vacant - potential rent $1,300 + hydro A rare turnkey opportunity with strong upside potential and flexibility to set your own rents from day one. A fantastic addition to any portfolio at a price point that can't be beat!
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| Type | Detached |
| Style | 2 1/2 Storey |
| Approx. Age | 100+ |
| Size | 2000-2500 sq. ft. |
| Property Tax | $4,931 |
| Lot Size | 29 ft x 95.67 ft |
| mls© Number | X13747348 |
| 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%
- $2,282
- Property tax
- $411
- Heat allowance
- $150
- Housing costs
- $2,843 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$87,000
gross annual household income
- Payment at 4%
- $1,876 / mo
- Cash down
- $89,180
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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