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Investment signal

$1,798,000

813 WATER ST. & 11 ARGYLE STREET

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Beds

Baths

7 full + 1 half

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 (Northcrest Ward 5). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Well-maintained 7-unit apartment building landmark investment opportunity available in central Peterborough location. Two buildings which include 7 individual apartments, each with their own entrances, hydro meters, fridges, and stoves. 2-car detached garage and large paved circular drive. 4,125 Sq. Ft building and 3,552 Sq. Ft. building included in this offer. 813 Water St has an updated roof. Current apartment setup for these buildings is 4 x 1-bedroom units, 2 x 2-bedroom units, and 1 x 4-bedroom unit. Excellent investment opportunity that is situated on a large level .65-acre lot with development potential/ space for additional units to be built.(Rent Amounts - Apt 1 - $1,625, Apt 2 - $1,250, Apt 3 - $1,625, Apt 4 - $1,300 + 4 Bdrm - $2,700, 813A - $1,300, 820 - $1,150). Great investment opportunity with strong gross income potential of $132,600. (id:65958)

Subtype: Multi-family
Structure: Other
Community: Northcrest Ward 5
Lot dimensions: 180 x 175 FT
Bedrooms: 5 above grade, 5 below grade
Parking: 11 total
Stories: 2
Fireplace: 1
On market: Apr 2, 2026
Status changed: Apr 22, 2026
Annual tax: $12,589
Zoning: SP.223 & SP.233
Photos: 41
MLS#: X12952654
Area: PETERBOROUGH_(NORTHCREST_WARD_5)

Features and systems

Parking

Detached GarageGarage

Basement

UnfinishedOther, See RemarksN/AN/A

Appliances

RefrigeratorStoveDryerTwo Washers

Heating

Baseboard heatersForced airNot knownNot knownElectricNatural gas

Cooling

Central air conditioning

Exterior

Brick

Foundation

Stone

Lot

Level lotFlat siteDryLevel

Community

School Bus

View

City viewView

Utilities

SewerElectricityCable

Security

Controlled entry

Negative cash flow ~$1,890/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

-6.31%

Cap rate

3.60%

GRM

16.6

Break-even rent

$10,989

Financing

Down payment$359,600

Loan amount$1,438,400

Mortgage$7,288/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$824

Insurance$80

Maintenance$1,498

CapEx reserve$749

Vacancy loss$450

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 $7,288/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 22, 2026.