38 Victoria Street

Norwood Peterborough K0L 2V0

This well-maintained 6-unit multiplex building in Norwood presents a high-potential, income-generating investment opportunity. Conveniently located near amenities, schools, and public transportation, the property features a desirable unit mix of four 2-bedroom apartments and two 1-bedroom apartments, all of which are currently rented. Tenants are responsible for their own electric heating, keeping utility expenses low for the owner. The building offers practical amenities, including in-building laundry, four lockers designated for the 2-bedroom units, and in-unit storage for one of the 1-bedroom units. With surface parking available, tenants benefit from 12 dedicated parking spots. Additionally, the property holds strong investment potential, with a preliminary plan in place for constructing another residential building that would mirror the existing structure. Situated in a developing neighborhood, this property offers long-term growth and appreciation potential, further enhancing its value as a strategic real estate investment.