An exceptional opportunity for investors, developers or builders! This R4-zoned property is completely VACANT, with demolition work already complete, situated in a very strong rental market. The heavy lifting has been taken care of, leaving you with a clean slate and endless possibilities for value creation. With strong income and ARV projections, the potential here is remarkable. Finish it easily as a high-yield rooming house or fourplex, complete a full multi-unit conversion, sever into two separate properties or start fresh with a brand-new build, the choice is yours. The location couldn't be better, in the heart of a high-growth city, steps to Peterborough Regional Health Centre and minutes from Fleming College, Trent University, Hwy 115, the planned GO Transit link, and the future 407 expansion. Opportunities like this, fully vacant, demo complete and in a rapidly growing market do not come around often. Bring your vision, execute your plan and unlock the full potential of this rare investment gem!
Address
514-516 Aylmer Street N
List Price
$949,900
MLS® Status
New
Expiration Date
2026-01-24
Property Type
Residential Freehold
Type of Dwelling
Fourplex
Style of Home
2-Storey
Transaction Type
Sale
Area
Peterborough
Sub-Area
town-ward-3
Floor Area
3500-5000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
97.91
Lot Size Units
Feet
Lot Width
44.07
Parcel Number
281060041
Occupant Type
Vacant
Cross Street
McDonnel St. & Aylmer St. N.
Approx. Age
100+ Years
MLS® Number
X12574168
Listing Brokerage
Keller Williams Edge Realty
Basement Area
Separate Entrance, Unfinished
Postal Code
K9H 3W5
Posession Details
IMMEDIATE
Parking
Private Double
Parking Places (Total)
4
Parking Spaces
4
Tax Amount
$5,131.00
Tax Year
2025
Site Influences
Hospital, Park, Place Of Worship, Public Transit, School
Interior Features
Water Heater, Water Meter
Property Features
Hospital, Park, Place Of Worship, Public Transit, School
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Oakville, Milton & District Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Brick
Direction Faces
East
Fireplace
Yes
Foundation Details
Stone
Garage
No
Garage Type
None
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 8 PL 3 TOWN OF PETERBOROUGH; PT LT 9 PL 3 TOWN OF PETERBOROUGH AS IN R470129, EXCEPT THE EASEMENT THEREIN ; PETERBOROUGH CITY
Waterfront
No
Sewer
Sewer
