This is your opportunity to purchase your next BRRRR project in one of the fastest growing markets in Ontario, Peterborough. This city has several post secondary institutions (Trent, Fleming College etc.), a strong healthcare employer, and many large corporations factories such as PepsiCo Foods, AON Inc. Only a 1 hour drive to major cities in Durham (Pickering, Ajax, Oshawa) and 1hr30 minute drive to Downtown Toronto, this city is primed for long-term appreciation and provides an opportunity to break in a large city center in Ontario with an affordable price.
Take advantage of this undervalued single family home in Peterborough, ready for “forced appreciation” renovations. This property is located in an A+ area of the city. It is walking distance to two regional hospitals, medical centers, 3 different parks, and six elementary/high schools. This is the perfect property to Airbnb, BRRR or flip with large upside potential. Moreover, Peterborough is driving distance to many major cities in Ontario such as Pickering, Toronto, Ajax, Oshawa etc. With great highway access and continued improvement to transportation to and from Peterborough, this city is primed for long-term appreciation.
This property is on a large 52.99ftx122ft lot and is currently a 3 bedrooms above grade and 1 bedroom below grade, 1 bathroom property. This property is oozing with potential and is perfect for an investor looking to take on their next flip or BRRRR project with the potential to also Airbnb. The property is in good overall condition, requiring cosmetic renovations. The property has sound bones, being built in the 1970s, and also a indoor hot tub and outdoor pool. Roof is in great condition, furnace is working well, and plumbing has been updated.
The suburban detached market in Peterborough is hot! Get your hands on a vacant, detached single family home property with great flipping, BRRRR, buy-and-hold, Airbnb, and long-term upside potential today!