287 Stewart Street
Peterborough, ON
- 4 bed
- 4 bath
- approx. 2000-2500 sqft
- Fourplex
- 70 days on market
Incredible investment opportunity in the heart of Peterborough! Offered at $499,000, this centrally located four-plex presents immediate upside potential for investors or owner-occupiers alike. Featuring three occupied units generating current rental income plus one vacant 2-bedroom unit ready for a new tenant at market rent, this property offers the perfect opportunity to increase cash flow from day one. Unit breakdown includes: Vacant 2-bedroom unit with estimated market rent potential of approximately $1,750/month Three additional tenanted 1-bedroom units currently generating approximately $2,228/month combined. Projected market rents offer excellent future income potential for savvy investors looking to add value over time. Each unit is individually metered for hydro and water, helping reduce operating expenses and simplify management. The property also features ample parking with four rear parking spaces plus additional front driveway parking. Conveniently located close to downtown, transit, schools, and everyday amenities, this versatile multi-unit property is a rare opportunity to secure a strong income-producing asset with long-term growth potential.
Listing Details
- Taxes (2025)
- $5,378
- Listed
- July 2, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Prefabricated
- Interior
- Water Heater Owned
- Lot Size
- 54.12 x 108.24 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 6
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- King Street
- Parcel Number
- 28090042
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- 4 fridges, 4 stoves
- Exclusions
- Tenant's belongings
- Rental Items
- Hot Water Heater
Schools
Elementary
- Prince of Wales Public School0.9 km
Public · Kawartha Pine Ridge DSB · 555 students
Grade 3 reading: 49% met the provincial standard · Grade 6 math: 33% met the provincial standard
- Queen Mary Public School1.1 km
Public · Kawartha Pine Ridge DSB · 370 students
Grade 3 reading: 69% met the provincial standard · Grade 6 math: 29% met the provincial standard
- ÉÉC Monseigneur-Jamot1.2 km
French Catholic · CS catholique MonAvenir · 245 students
Grade 3 reading: 77% met the provincial standard · Grade 6 math: 48% met the provincial standard
Secondary
- Peterborough Collegiate and Vocational School0.9 km
Public · Kawartha Pine Ridge DSB · 385 students
- St. Peter Catholic Secondary School1.6 km
Catholic · Peterborough Victoria Northum Clarington CDSB · 1035 students
Grade 10 literacy: 83% met the provincial standard
- Kenner Collegiate and Vocational Institute2.6 km
Public · Kawartha Pine Ridge DSB · 525 students
Grade 10 literacy: 68% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K9J
- Population
- 44,547
- Private dwellings
- 19,998
- Median age
- 44
- Average household size
- 2.3
- Median household income
- $72,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Peterborough · last 12 months
- Median sold price
- $556,000
- Homes sold
- 1,061
- Median days on market
- 24
- Sale-to-list price
- 97.2%
Based on 1,061 recorded sales of residential freehold properties in Peterborough over the last 12 months.
Listed by
RE/MAX HALLMARK EASTERN REALTY
Walk Score
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Location
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Mortgage Calculator
$95,000
Estimated Monthly Payment
$2,334
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,334/mo (20% down, 5.5%)
Taxes: $448/mo · Insurance: $119/mo
Estimates only. Consult a financial advisor.
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Reita is an automated assistant, not a licensed real estate agent. This listing mentions Featuring three occupied units generating current rental income plus one vacant 2-bedroom unit ready for a new tenant at market rent, this property offers the perfect opportunity to increase cash flow from day one.. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?