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For Sale

271 Thomas Street

Town Ward 3, Peterborough, ON
$999,500
12Bd
4Ba
3,250+sqft
4Parking
40.25 x 87.5 ftlot
$308/sqft
MultiplexMLS# X12644024Listed 2025-12-19125 DOM
Heating
Separate Heating Controls
Cooling
Central Air
Basement
Unfinished

On the market for 125 days — longer than average. The seller may be open to negotiation.

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!

Renovated

Rooms

Main Floor
Living Room4.22 × 4.06 m
Kitchen4.53 × 3.45 m
Kitchen5.02 × 4.22 m
Den3.24 × 1.89 m
Bathroom2.15 × 1.40 m
Bathroom1.64 × 1.47 m
Bedroom4.05 × 3.23 m
Bedroom 23.64 × 2.13 m
Bedroom 33.23 × 2.05 m
Bedroom 43.57 × 2.90 m
Mud Room3.63 × 3.56 m
Second Floor
Bedroom 53.89 × 2.91 m
Bedroom3.37 × 2.92 m
Bedroom4.55 × 3.64 m
Bedroom3.90 × 1.96 m
Bedroom2.55 × 1.69 m
Bedroom3.90 × 1.96 m
Bedroom2.80 × 1.91 m
Bedroom3.27 × 2.90 m
Bedroom4.55 × 3.60 m
Bathroom2.56 × 1.59 m
Other2.90 × 1.80 m

Features

  • Separate Heating Controls
  • Deck
  • Porch
  • Unfinished
  • Central Air
  • 2-Storey

Financials

Annual Taxes
$5,838

Estimated Rental Income

Entire property$4,500 – $7,000/mo
Rental yield5.4% – 8.4%

*Estimates based on comparable rentals in the area. Actual income may vary.

Market Data — Peterborough

Days on market125 days
Buyer's MarketSeller's Market

Based on active listings in Peterborough. Data updates daily.

Our estimate for this home

Priced 16.6% below estimate
Estimated range
$1.11M$1.29M
Mid-point $1.20M · ~$369/sqft
How this listing compares
$1.11MList · $1000K$1.29M
Low confidence·Based on 6 gta-wide comparables

Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.

MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.

$999,500
271 Thomas Street, Peterborough
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