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282 - 288 Romaine St. 288 Romaine St 30 Unit Apartment Building For Sale Peterborough, ON K9J 2C5
INVESTMENT HIGHLIGHTS
- Well-capitalized, professionally managed with renovated units
- Two neighbouring walk up apartment buildings with a total of 30 units
- Proximity to Downtown Peterborough and Little Lake
- Low Maintenance - no elevators, no underground parking and no balconies
- Approximately 43% renovated units with additional upside
EXECUTIVE SUMMARY
282-288 Romaine Street (“The Property”) is located in the south-central neighbourhood of Peterborough at the nearest intersection of Romaine Street and Park Street South. The Property sits in a very walkable area, with a Walk Score of about 88 out of 100. The excellent neighbourhood has access to retail, grocery and many other services including
Lansdowne Place and Parkway Centre. Peterborough Transit provides residents regular routes across the city. Just a 7-minutes drive south of The Property, residents can access the Peterborough Bypass (Highway 7) connecting them to major cities like Toronto and Ottawa.
Lansdowne Place and Parkway Centre. Peterborough Transit provides residents regular routes across the city. Just a 7-minutes drive south of The Property, residents can access the Peterborough Bypass (Highway 7) connecting them to major cities like Toronto and Ottawa.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.36 AC |
| No. Units | 30 | Building Size | 6,311 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1985 |
| Apartment Style | Low-Rise | Parking Ratio | 2.53/1,000 SF |
| Building Class | B | ||
| Zoning | R.1,R.2,R.3,R.4,3r,7d - Multi-Family | ||
| Sale Type | Investment |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.36 AC |
| Building Size | 6,311 SF |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 2.53/1,000 SF |
| Zoning | R.1,R.2,R.3,R.4,3r,7d - Multi-Family |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | - | 500 |
| 2+1 | 16 | - | 700 |
1 1
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (70)
CONTACTS
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Jonathan Hittner -
Neil Musselwhite -
Eamonn McConnell -
David Lieberman -
Avison Young
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282 - 288 Romaine St. | 288 Romaine St
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