185 W Parkhill Road, Peterborough, ON K9H 3H2
Town Ward 3, Peterborough · Near Parkhill Rd W /Between George/Alymer · View map
About this home
Take advantage of a fantastic 7.26% CAP Rate at 2,4,6,& 8 -185 Parkhill!+$3,000/MONTH CASH FLOW! Rare opportunity to own an exceptionally maintained, turnkey 4-plex CASH COW in Peterborough on nearly half an acre - professionally managed & offered for sale for the first time in 28 years. Income of +$85,000/year. EXTENSIVELY RENOVATED INSIDE & OUT over the past 15 years, including METAL ROOFS, WINDOWS, ELECTRICAL wiring & panels, PLUMBING, DRYWALL, VINYL SIDING, furnaces, central air conditioners, full interior renovations, attractive composite decks, fences & much more. Units #2 & #4 are single-storey 2-bed, 1-bath units w/partial basements. Units #6 & #8 are spacious 1.5-storey 2-bed, 1-bath units featuring large primary bedrooms on the 2nd floor, partial basements w/laundry rooms. 2 Houses with 4 semi-detached all above ground units. Each unit enjoys its OWN PRIVATE, FULLY FENCED BACKYARD & 2 PARKING SPACES. Separate meters and tenants pay all utilities. A well-maintained, substantially updated 4-plex offering the combination investors look for: STRONG CASH FLOW, FOUR 2-BEDROOM ALL ABOVE GROUND UNITS, PRIVATE YARDS, AMPLE PARKING, EXTENSIVE CAPITAL IMPROVEMENTS and LONG-TERM RENTAL. Buyer to assume all existing tenancies. Excellent central location within walking distance of amenities & public transit, w/convenient access to Trent University & Peterborough's Colleges, walking/bike lane provide convenient south access to Antrim Street. Everything is done & done well! Just buy and enjoy solid cash flow from day 1!
The home
- Type
- Fourplex
- Style
- 1 1/2 Storey
- Square footage
- 3000-3500 sq ft
- Bedrooms
- 8
- Bathrooms
- 4
- Kitchens
- 4
- Rooms
- 20
- Basement
- Unfinished
- Lot size
- 63.2 x 160 ft
- Faces
- South
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Vinyl Siding
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 8
- Total parking
- 8
- Parking features
- Private Triple
Taxes & other
- Property taxes
- $5,365/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- 30-90 Days
- Cross street
- Parkhill Rd W /Between George/Alymer
- Neighbourhood
- Town Ward 3
More
- Price per sq ft
- ~$246 (at 3,250 sq ft)
- MLS® number
- X13825698
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The home and its surroundings
- Carpet Free
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
185 Parkhill Road, Peterborough, ON K9H 3H2
Town Ward 3, Peterborough · Near Parkhill Rd W /Between George/Alymer
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Listing history for 185 Parkhill Road
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 185 W Parkhill Road
Answers come straight from this home’s MLS® listing.
How much is 185 W Parkhill Road listed for, and what would it cost each month?
185 W Parkhill Road is listed for $799,900. With 20% down ($159,980), the mortgage payment would be roughly $3,227 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $3,674 a month, all in. That figure is an illustration, not a quote.
Is 185 W Parkhill Road freehold or a condo, and is there a monthly fee?
185 W Parkhill Road is a fourplex in Town Ward 3, Peterborough. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 185 W Parkhill Road have?
185 W Parkhill Road has 8 bedrooms and 4 bathrooms. The listing gives the style as 1 1/2 storey.
Does 185 W Parkhill Road have a garage and parking?
The listing does not show a garage. The driveway adds 8 spaces. In total the listing counts 8 parking spaces.
Does 185 W Parkhill Road have a finished basement?
The listing describes the basement as unfinished.
What style of home is 185 W Parkhill Road?
185 W Parkhill Road is a fourplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 185 W Parkhill Road, and what is the lot size?
The listing puts the home between 3,000 and 3,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 63.2 x 160 ft.
How is 185 W Parkhill Road heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 185 W Parkhill Road?
Property taxes are $5,365 a year (2026), or about $447 a month.
Where is 185 W Parkhill Road?
185 W Parkhill Road is in the Town Ward 3 community of Peterborough. The nearest main intersection is Parkhill Rd W /Between George/Alymer. The postal code is K9H 3H2.
Is 185 W Parkhill Road still for sale?
Yes. It is an active listing (MLS® X13825698). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 185 W Parkhill Road asking?
Similar properties for sale nearby right now include 480 Donegal Street at $799,900 (8 bed), 284-288 Brock Street at $600,000 (8 bed) and 226 Lake Street at $699,900 (7 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 185 Parkhill Road sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 185 W Parkhill Road?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Town Ward 3, picked by style, size and price.
Multiplex$799,900480 Donegal Street, Peterborough8 bed · 8 bath · Town Ward 3Courtesy of: Flat Rate Realty Corp.View home →
Triplex$600,000284-288 Brock Street, Peterborough8 bed · 4 bath · Town Ward 3Courtesy of: RE/MAX HALLMARK EASTERN REALTYView home →
Triplex$699,900226 Lake Street, Peterborough7 bed · 3 bath · Town Ward 3Courtesy of: Royal LePage Frank Real EstateView home →Courtesy of: RE/MAX REALTRON REALTY INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.