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! LIVE IN ONE UNIT + CASH FLOW ~ $1,300/MONTH, OR RENT ALL 4 FOR +$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. Potential income of ~$85,628 (close to finalizing the 4th lease). 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 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 APPEAL. Unit #4 is currently VACANT and available for showings. Buyer to assume all existing tenancies ( 3 leases on units 2,6 & 8 and 5 tenants in total). Please do not walk the yards or disturb the tenants of Units #2, #6 or #8 without an accepted offer. 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
- 1 1/2 storey
- 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)
- Listed
- Sep 24, 2026 · 18 days ago
- 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 1 1/2 storey 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.
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 1 1/2 storey. A 1½-storey home has a full main floor and a partial second floor under the roofline, often with dormer windows.
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.
How long has 185 W Parkhill Road been on the market?
185 W Parkhill Road was listed on September 24, 2026. It has been on the market for 18 days. 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 bungalows near 185 W Parkhill Road asking?
Similar bungalow-style homes for sale nearby right now include 603 Ludgate Street at $629,900 (4 bed), 115 Douro Street at $599,900 (3 bed) and 78 - 80 Marsh Avenue at $688,888 (2+1 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 647-619-2256.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar bungalows nearby
More bungalow-style homes for sale near Town Ward 3, picked by style, size and price.
1 1/2 storey$629,900603 Ludgate Street, Peterborough4 bed · 2 bath · Ashburnham Ward 4Courtesy of: Coldwell Banker Electric RealtyView home →
1 1/2 storey$599,900115 Douro Street, Peterborough3 bed · 2 bath · Ashburnham Ward 4Courtesy of: Century 21 United Realty Inc.View home →
1 1/2 storey$688,88878 - 80 Marsh Avenue, Peterborough2+1 bed · 4 bath · Northcrest Ward 5Courtesy of: Century 21 United Realty Inc.View home →Courtesy of: RE/MAX REALTRON REALTY INC.
PropTx MLS® assumes no responsibility for the accuracy of any information shown. 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.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.