730 Chemong Road, Peterborough, ON
Property Highlights
Welcome to this remarkable 2-Storey triplex located in the coveted neighborhood of Northcrest Ward 5. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $815,000 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.
- 6 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 50 x 107 ft lot
- Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available
- Notable attributes: Other
- Efficient forced air heating via gas
Description
**Turnkey Legal Triplex in Prime Location**Exceptional opportunity to own a **purpose-built, all brick legal triplex** in one of Peterborough's most desirable neighbourhoods. This well-maintained investment property features ** spacious 2-bedroom apartments**, making it ideal for investors seeking strong, reliable rental income. Recent upgrades include **new electrical with three separate services**, providing efficiency and convenience for both owner and tenants. The building also offers a **coin-operated laundry facility**, creating additional income potential. **Two units will be delivered vacant on closing**, offering excellent flexibility for an investor to set market rents or for an owner-occupier opportunity. Situated on a **large lot with parking for up to five vehicles**, this property is ideally located close to **shopping, schools, and public transit**, ensuring strong tenant demand. A solid, low-maintenance asset in a high-demand area-**add this turnkey triplex to your portfolio with confidence.**
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Pricing & Value Insights
Data-driven valuation for 730 Chemong Road E, Peterborough, ON K9H 5Y9
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About Purchasing a Home in Peterborough, ON
For a property listed at $815,000 in Peterborough, the legal minimum down payment is $56,500 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 $12,775 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 $12,775.
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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.