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Investment signal

$999,500

271 THOMAS STREET

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Beds

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Peterborough (Town Ward 3). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

WOW. Fully renovated, turnkey licensed Large Rental Dwelling with 12 sparkling rental rooms. Projected NOI approx. $85,000. Excellent opportunity to own a fully renovated and upgraded, licensed Large Rental Dwelling with strong income and quality tenants. Well-managed and modernized top to bottom including 100% new flooring, updated kitchens, renovated bathrooms, and numerous additional upgrades throughout. Each side offers 6 bedrooms, 2 full baths, a full kitchen, and an unfinished basement with laundry. Rent includes utilities, laundry, and internet. Some rooms come fully furnished. See Documents for list of inclusions and recent upgrades since August 2022. One side also includes an unfinished room with potential to create a 13th bedroom for increased revenue. Forced-air gas and central a/c both sides. Excellent cash flow. Don't miss this opportunity! (id:65958)

Subtype: Multi-family
Structure: Duplex
Community: Town Ward 3
Lot dimensions: 40.3 x 87.5 FT
Bedrooms: 12 above grade, 0 below grade
Parking: 4 total
Stories: 2
On market: Dec 19, 2025
Status changed: Apr 23, 2026
Annual tax: $5,838 (2025)
Zoning: R2
Photos: 50
MLS#: X12644024
Area: PETERBOROUGH_(TOWN_WARD_3)

Features and systems

Parking

No Garage

Basement

UnfinishedN/A

Appliances

RefrigeratorWater meterStoveOvenDryerMicrowaveFurnitureTwo WashersWater Heater

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Foundation

Concrete

Utilities

SewerElectricityCable

Negative cash flow ~$1,089/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.54%

Cap rate

3.56%

GRM

16.7

Break-even rent

$6,146

Financing

Down payment$199,900

Loan amount$799,600

Mortgage$4,051/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$458

Insurance$80

Maintenance$833

CapEx reserve$416

Vacancy loss$250

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $4,051/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.