Property Details

544 MCDONNEL Street, Peterborough, Ontario, K9H2X8

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For sale, ID#: 40292668
544 MCDONNEL Street
Peterborough Ontario
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0 Beds
0 Bath
$2,819,000

Don?t miss this incredible opportunity to own one of Peterborough?s historical properties. Built in 1920 as part of the Bonner Worth Mill Properties this building was the administration building with factory buildings on both sides. Later called the Woolen Mill Administration building. The building was bought in 2006 by its current owner and converted into 12 loft style apartments. Each unit is unique and offers high ceiling and many original elements of its original building design. All units are compact and provide high ceilings and various floor plans. All systems were brand new in 2007 with several upgrades over the years. Separate hydro meters to each unit, fire safety systems are all up to date. All units are fully rented with plenty of parking. Laundry room on site for tenants. Gross income of $165,000. This building also enjoys a lower tax rate as it is classed as a new residential build/conversion and in additional an additional 20% municipal property tax rebate as it is designated historical. This would be a beautiful property to add to your portfolio. Pictures of units are from when units were vacant for Tenant privacy. Please note there are only three units available for viewing along with common space. (id:2471)

Representative
Bill Wasson
Bill WassonREALTOR®
EXIT Liftlock Realty Brokerage - Peterborough
Property Details
  • Property Address: 544 MCDONNEL Street, Peterborough, Ontario, K9H2X8
  • Property Type: Multi-family
  • Zoning Description: SP 322
  • Title: Freehold
  • Lot Size: 0.236
  • Acreage: 0.236 ac|under 1/2 acre
  • Sewage Type: Municipal sewage system
  • Access: Road access, Highway access
  • Total Parking Spaces: 16
  • Amenities Nearby: Airport, Beach, Hospital, Marina, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Amenities / Features
  • Park/reserve
  • Conservation/green belt
  • Beach
  • Paved driveway
  • Landscaped
  • School Bus
Neighbourhood Information

Listing Office: Royal Lepage Frank Real Estate Brokerage 035

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