Romaine Multifamily Portfolio
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Romaine Multifamily Portfolio
2 Residential Properties Offered at £2,231,891 in Peterborough, ON
Investment Highlights
- Two Apartment Buildings with 30 Units Fully Rented
- Recently Renovated Suites
- 30 Parking Stalls
Executive Summary
2 Buildings, 30 Units, Raised 2-Storeys
Colliers International (“Colliers” or “The Advisor”) has been retained to arrange the sale of 250 & 276 Romaine Street (“The Romaine Properties” or “250 & 276 Romaine”) – two raised 2-storey multi-family apartment rental buildings in Peterborough, Ontario with 15 units each located just minutes away from the downtown district and Otonabee River. The Romaine Properties can be sold together as a portfolio or individually upon request.
The Romaine Properties were constructed in 1970, with recent and ongoing renovations, and currently holds 15 rental units each with 19,650 SF of total space, providing 30 bedrooms in total. Each property is improved with 66 feet of frontage along Romaine Street, 233.58 feet of depth and a total site area of 30,884 SF. There are also an additional 15 parking stalls located behind each building and bus service around the corner from the properties. These properties present a unique opportunity for an investor to acquire a portfolio of two multi-family rental buildings in a growing metropolitan area with opportunity for future redevelopment and growth.
Colliers International (“Colliers” or “The Advisor”) has been retained to arrange the sale of 250 & 276 Romaine Street (“The Romaine Properties” or “250 & 276 Romaine”) – two raised 2-storey multi-family apartment rental buildings in Peterborough, Ontario with 15 units each located just minutes away from the downtown district and Otonabee River. The Romaine Properties can be sold together as a portfolio or individually upon request.
The Romaine Properties were constructed in 1970, with recent and ongoing renovations, and currently holds 15 rental units each with 19,650 SF of total space, providing 30 bedrooms in total. Each property is improved with 66 feet of frontage along Romaine Street, 233.58 feet of depth and a total site area of 30,884 SF. There are also an additional 15 parking stalls located behind each building and bus service around the corner from the properties. These properties present a unique opportunity for an investor to acquire a portfolio of two multi-family rental buildings in a growing metropolitan area with opportunity for future redevelopment and growth.
Property Facts
| Price | £2,231,891 | Number of Properties | 2 |
| Price / SF | £130.58 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 17,092 SF |
| Status | In Exchange | Total Land Area | 0.35 AC |
| Price | £2,231,891 |
| Price / SF | £130.58 / SF |
| Sale Type | Investment |
| Status | In Exchange |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 17,092 SF |
| Total Land Area | 0.35 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 250 Romaine St, Peterborough, ON K9J 2C5 | Residential | 1,453 SF | 1971 | - |
| 276 Romaine St, Peterborough, ON K9J 2C5 | Residential | 15,639 SF | 1971 | - |
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Romaine Multifamily Portfolio
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