Excellent investment opportunity in the heart of Peterborough! This 2.5-storey duplex is ideally situated on a quiet one way street overlooking Inverlea Park and the Otonabee River. The charming lower unit features hardwood floors, original trim and doors, a 4-piece bath, laundry, a modern kitchen, front porch, and private yard; ideal as an owner's suite. The spacious upper unit offers 5 bedrooms with separate laundry in the basement, making it an excellent income generator. The flexible layout also offers the potential to be easily converted back into a spacious single-family home if desired. Conveniently located within walking distance to downtown, close to Trent University, public transit, the beach, park, trails, and all amenities.