Welcome to this remarkable commercial retail located in the coveted neighborhood of Town Ward 3. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $549,500 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
A fantastic income producing ($3,500 monthly, $42,000 yearly) C6 zoned, 2 tenant property. Upstairs (ground floor) there is 1 commercial tenant with an extended lease paying $2,034 + utilities And a tenanted (1 year lease) 2 bedroom walk out apartment on the lower level paying $1,500 + utilities There are separate hydro meters, one for each tenant. A major bonus is the property having ample space to park several vehicles. Situated right downtown Peterborough, surrounded by all the services & amenities including a Freshco grocery store just up the street. If you're looking for a great investment, income producing property, with plenty of parking, right downtown Peterborough, you've found it.
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This could be the first listing for this address.
Data-driven valuation for 221 E Brock Street E, Peterborough, ON K9H 2P6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Peterborough.
About Purchasing a Home in Peterborough, ON
For a property listed at $549,500 in Peterborough, the legal minimum down payment is $29,950 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,465 for this transaction. As this listing is in Peterborough (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $7,465.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.