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Listed 1 month ago

540 Charlotte Street

Town Ward 3, Peterborough

$585,000

Detached|2 1/2 Storey
3 | 2 | 4
About this home

Centrally located, well maintained Duplex near downtown core and PRHC. Live in one and rent out the other unit or rent out both. This lovely home is located in the Avenues area and a short walk or transit ride to downtown restaurants and hospital and clinics. It has been nicely upgraded over the past few years and is in excellent condition while still maintaining the charm and character of a century home. The main floor unit is occupied by excellent tenants and features 2 bedrooms, spacious eat-in kitchen with stainless steel appliances, large living room, 4 PC bath and a delightful sunroom. Upper unit is vacant and recently refreshed and features a large bedroom, living room, kitchen, 4 PC bath and a den leading to a bright sunroom. Units have private entry to laundry and storage in the lower level. Yard is fully fenced and private parking at rear for 4 cars (access off of Burrows or St. Joseph). Shingles and eavestrough replaced 2017. 24 hours notice required for showings for main unit. It is currently rented for $2090 inclusive

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2 1/2 Storey
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$5,196
Lot Size49 ft x 97 ft
mls© NumberX13787104
Listed ByStoneguide Realty Limited

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%
$2,994
Property tax
$433
Heat allowance
$150
Housing costs
$3,577 / mo

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

Down payment20% · $117,000
25-yr amortization

Income needed

$110,000

gross annual household income

Payment at 4%
$2,462 / mo
Cash down
$117,000

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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