Exceptional opportunity to acquire fully-renovated apartment property with 42 units in downtown Peterborough with tremendous long-term rental upside. Unit mix 30 studio suites and 12 x 1-brm suites including five (5) fully accessible units on 0.682 acres with parking for 26+ vehicles. Affordable Housing Program Facility Agreements in place until 2036. See Investment Summary flyer in Documents. Complete offering memorandum and due diligence information is available on completion of a confidentiality agreement.

Extras: Legal Description (Part 1): FIRSTLY: PART LOT 14 N OF WOLFE ST & W OF GEORGE ST PLAN 1 PETERBOROUGH AS IN M5524 EXCEPT PART 2 45R16280; S/T M5524 (continued in "Remarks for Brokerages")

Area Influences Public TransitRec Centre Freestanding Yes Garage Type Outside/Surface Lot Depth 139.61 Lot Front 201.86 Lot Size Code Feet Outside Storage Yes Parking Spaces 25 Percent Building 100 Rail N Soil Test Envirn Audit

Air Conditioning N Basement Y Elevator None Heat Type Gas Hot Water Office Apartment Area 100 Office Apartment Area Code % Total Area 29000.00 Total Area Code Sq Ft

Approx Age 100+ Assessment 2902000 Assessment Year 2022 Business Building Name Knox Residence Category Apartment Commercial Type Investment Crane N Cross Streets Wolfe & Reid Expenses Actual Or Estimated Est Financial Statement Yes Gross Income Sales 366511 Heat Expenses 22898 Hydro Expense 18011 Insurance Expense 23125 List Price Type For Sale Lot Code Lot Maintenance 39900.00 Management Expense 14360 Net Income Before Debt 198273 Occupancy Tenant Operating Expenses 160735 Other Expenses 29711 Sale Or Lease Sale Seller Property Info Statement No Sewer San+Storm Sprinklers N Tax Year 2022 Taxes 1756.00 Taxes Expense 1935 Taxes Type Annual UFFI No Use Apts-Over 20 Units Utilities Y Vacancy Allowance 11103 Water Municipal Water Expense 10794 Year Expenses 2024 Zoning R.52F3Y5F7D8F10A

Listing courtesy of Re/Max Hallmark Eastern Realty.

Listing information © 2023 Toronto Real Estate Board. Information is deemed reliable but is not guaranteed accurate by TREB or Mana Real Estate | Royal Canadian Realty. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Date last updated: 2023-09-27T12:46:36.573.

400 Wolfe St

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400 Wolfe St Peterborough, ON K9J 3N5

Property Description

Area Influences	Public Transit Rec Centre
Freestanding	Yes
Garage Type	Outside/Surface
Lot Depth	139.61
Lot Front	201.86
Lot Size Code	Feet
Outside Storage	Yes
Parking Spaces	25
Percent Building	100
Rail	N
Soil Test	Envirn Audit

Air Conditioning	N
Basement	Y
Elevator	None
Heat Type	Gas Hot Water
Office Apartment Area	100
Office Apartment Area Code	%
Total Area	29000.00
Total Area Code	Sq Ft

Approx Age	100+
Assessment	2902000
Assessment Year	2022
Business Building Name	Knox Residence
Category	Apartment
Commercial Type	Investment
Crane	N
Cross Streets	Wolfe & Reid
Expenses Actual Or Estimated	Est
Financial Statement	Yes
Gross Income Sales	366511
Heat Expenses	22898
Hydro Expense	18011
Insurance Expense	23125
List Price Type	For Sale
Lot Code	Lot
Maintenance	39900.00
Management Expense	14360
Net Income Before Debt	198273
Occupancy	Tenant
Operating Expenses	160735
Other Expenses	29711
Sale Or Lease	Sale
Seller Property Info Statement	No
Sewer	San+Storm
Sprinklers	N
Tax Year	2022
Taxes	1756.00
Taxes Expense	1935
Taxes Type	Annual
UFFI	No
Use	Apts-Over 20 Units
Utilities	Y
Vacancy Allowance	11103
Water	Municipal
Water Expense	10794
Year Expenses	2024
Zoning	R.52F 3Y 5F 7D 8F 10A