Step into history reimagined at 559 Downie. Grand Victorian craftsmanship with a modern twist, all in one extraordinary triplex. Built in 1890, this picturesque Queen Anne style residence in Peterborough is a rare LEGAL triplex. Once home to prominent families, this grand Victorian showcases 10"2 ceilings, intricate craftsmanship, restored hardwood floors, and an original marble fireplace now converted to gas. The main two-storey residence features 3 beds + office, 2 bathrooms and a fenced in yard. Showcasing a luxury kitchen with high-end finishes, maximized storage, and a commercial-sized fridge and freezer, as well as a mudroom and laundry with built-in cabinetry. Ascend the Victorian style staircase and you'll find a restored clawfoot tub, and a primary suite with a dressing room. Multiple upgrades and restorations have been thoughtfully completed, including brand-new windows and doors throughout, ensuring peace of mind, comfort, and efficiency. In addition to the main residence, the property includes a completely private lower 2-bedroom, 1-bath apartment and an upper 2-bedroom, 1-bath apartment, each with access to shared on-site laundry. With four private parking spots and complete separation between units, this property offers the rare opportunity to generate additional income without sacrificing living space, or the option to maximize its potential as a full investment property. A wrap around porch, a steeply pitched roof, and striking Victorian details create a commanding presence. Combining history, comfort, and future-proof flexibility, this is a truly unique opportunity in the heart of Peterborough that no one will want to miss. **Income Projection Charts, list of upgrades available**
Address
559 Downie Street
List Price
$939,900
MLS® Status
New
Expiration Date
2026-02-06
Property Type
Residential Freehold
Type of Dwelling
Triplex
Style of Home
2 1/2 Storey
Transaction Type
Sale
Area
Peterborough
Sub-Area
town-ward-3
Bedrooms
5 + 2
Bedrooms (Total)
7
Rooms Above Grade
13
Rooms Below Grade
6
Bathrooms
4
Floor Area
2500-3000 Sq. Ft.
Lot Depth
99.29
Lot Size Units
Feet
Lot Width
50.08
Parcel Number
280880067
Occupant Type
Owner+Tenant
Cross Street
London St & Downie St
MLS® Number
X12512238
Listing Brokerage
CENTURY 21 UNITED REALTY INC.
Basement Area
Full, Finished
Postal Code
K9H 4J7
Posession Details
Immediate
Parking
Private
Parking Places (Total)
4
Parking Spaces
4
Tax Amount
$5,590.48
Tax Year
2025
Site Influences
Deck, Fenced Yard, Park, Place Of Worship, Porch, Public Transit, Rec./Commun.Centre, School
Exterior Features
Deck, Porch
Interior Features
Sump Pump
Property Features
Fenced Yard, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, School
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Central Lakes Association of REALTORS
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
West
Fireplace
Yes
Fireplace Features
Natural Gas
Foundation Details
Concrete
Garage
No
Garage Type
None
Kitchens Total
3
Kitchens Above Grade
2
Kitchens Below Grade
1
Other Structures
Fence - Full, Shed
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
LT 7 PL 153 ; PETERBOROUGH
Security Features
Other
Waterfront
No
Waterfront
None
Sewer
Sewer
