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514-516 AYLMER STREET N, Peterborough (Town Ward 3) — listed at $749,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
A rare chance to take the next step on a centrally located Peterborough redevelopment project. Offered in shell condition, 514 + 516 Aylmer St N gives a builder, investor or hands-on operator the opportunity to finish the work, shape the final product and create value through their own execution.A two-storey with unfinished attic has had visible exterior and interior work already been completed, creating a strong starting point for the next phase. The site lends itself to a thoughtful multi-unit vision, whether the goal is a finished rental asset, a tailored redevelopment plan or a long-term hold in a central Peterborough location.Close to Peterborough Regional Health Centre, downtown amenities, transit routes and key commuter connections, this is an opportunity for a buyer who sees the upside in completing a project rather than starting from scratch. Bring your plans, your team and your vision. (id:60164)
Does it have a basement, and is it finished?+
Yes — Partially finished, Separate entrance, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
Could this work as an investment property?+
The basement description mentions: Partially finished, Separate entrance, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Peterborough (Town Ward 3) before counting on it.
What's the parking situation?+
This property includes 4 spaces — No Garage.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
Who is 514-516 AYLMER STREET N best suited for?+
With 0 bedrooms and 0 bathrooms, this is ideal for a couple, a small family, or as a low-maintenance investment property.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $5,131, heating is other, other. Always verify the latest figures with your agent before making an offer — these change yearly.
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