2 George Street N 104, Peterborough

$499,900
2 George Street N 104

$499,900

New
2d
Condo Apartment1 Storey/Apt

2 George Street N 104, Peterborough

Total Monthly Obligation $3,589

Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
2d
Score
66
Yield
12.5%
Cash on Cash
19.2%
Cap Rate
8.7%
5Y IRR
31.3%
10Y IRR
28.2%
Property Type-Condo Apartment
MLS® Number-X14104522
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 21, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$5,520 (2025)
Maintenance-$912.63/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Electric)
Brokerage-Century 21 United Realty Inc.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-Town Ward 3
Title-Residential Condo & Other

No agent assigned

Welcome to LAKE VISTA CONDOS Unit #104 at 2 George St. South, a rare ground-floor opportunity in Peterborough's sought-after Lake Vista community, ideally situated beside Little Lake. This bright and spacious two-bedroom condo features an open-concept layout designed for comfortable living and effortless entertaining. Enjoy true main-level, stair-free living, a highly desirable feature that provides comfort and accessibility within a well-maintained, upscale building. Ideal for those looking to downsize or enjoy a refined, low-maintenance lifestyle. Step outside and take full advantage of this exceptional location, just steps from Little Lake, Del Crary Park, the Peterborough Marina, and the Art Gallery. Enjoy year-round access to walking trails, concerts, festivals, and the scenic beauty of the Trent-Severn Waterway, along with popular Liftlock & River Boat Cruises nearby. Inside, the unit features a functional kitchen with ample cabinetry, a generous living and dining space, and large windows that fill the home with natural light. The spacious primary bedroom offers comfort and privacy, while the second bedroom provides flexibility for guests, a home office, or additional living space. Residents of Lake Vista enjoy a full suite of amenities, including a welcoming lobby, party room, fitness area, saunas, and outdoor patio spaces. With secure entry, underground parking, and a strong sense of community, this building is known for its exceptional lifestyle and care. Offering an exceptional blend of comfort, convenience, and refined main-floor living, Unit 104 is perfectly positioned just steps from Little Lake, creating an unmatched lifestyle where scenic surroundings, vibrant events, and everyday ease come together.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$399,920
Land Transfer Taxes$6,473
Legal Fees (Est.)
$
Total cash required for closing$107,953

Total Monthly Obligation

$3,589/mo
Mortgage $2,016
Monthly Loss $3,058
Principal$531
Interest$1,486
Property Tax$460
Condo Fees$913
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
7.5%68
Cash-on-Cash
12.3%64
5-Year IRR
26.1%99
10-Year IRR
24.2%
Returns Index
78.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeB
66/ 100
Fair•Hold / Negotiate

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$62,532/yr
NOI
$37,407/yr
Net Cash Flow
$1,101/mo
Cash Margin
21.1%77
Cash Flow Index
77.3/ 100
Risk Profile
Weight: 20%
DSCR
1.5577
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
45.6/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 2 George Street N 104

Time

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Data last updated within the past 24 hours.