FOR SALE: 750 George St. Peterborough | 7 BEDROOM | Investment Property

#Peterborough #Investment #rentalproperty
Hello and welcome to 750 George St. in Peterborough, ON!
This two-storey home is just a 9-minute drive to Trent University and 17 minutes to Fleming College, making it the perfect opportunity for first-time real estate investors or seasoned investors looking to expand their portfolio.
Attention investors: Are you searching for a cash-flowing rental property? Look no further! This 7-bedroom single-family home, currently operating as a student rental, is showing positive cash flow and offers a great investment opportunity. Alex can you show us more details about this property?
Why consider adding a Peterborough, single-family home to your portfolio?
1. High demand For Student Housing: Peterborough has a high demand for student housing, thanks to the presence of Trent University and Fleming College. With Trent University and Fleming College in the area, Peterborough experiences a strong demand for student housing.
2. Easy Accessibility to the City: Convenient access to Highway 401 and Highway 115 with minimal traffic when heading eastbound. Located within an hour from Toronto, it offers easy accessibility and less congestion compared to traveling westbound.
3. Easier Acquisition: Single-family homes can qualify for minimum down payment options when acquired as owner-occupied, unlike multi-unit properties that require a mandatory 20% down in most cases.
4. Simpler Management: With a single door to manage, these properties are more straightforward to self manage while maximizing rental income through individual per-bedroom rents, making it an excellent addition to your portfolio.
5. Easier To Sell Compare To Multi Family: Lastly, they are easier and quicker to sell, as they can easily be converted back into an owner-occupied property, making them ideal for first-time homebuyers end-user.
6. Oh, and did I mention? Student rentals are the ideal strategy for beginner investors. Why? They help you avoid the complexities of Ontario’s tenancy laws. Students are often busy preparing themselves for their career path and are less likely to become a bad tenant. Plus, students-especially newcomers and international students-are typically focused on their studies and career preparation, making them less likely to be problematic tenants.
If you’d like more details about this property, feel free to reach out and lets have a chat!
Don’t miss out on this fantastic opportunity!
Alex Macale | Macale & Associates
C21 Leading Edge Realty Inc.
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Website: www.alexmacale.ca