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Otonabee Ward 1, Peterborough
$454,900
Opportunity knocks in one of Peterborough's most convenient west end pockets. 722 Gillespie Avenue is a 3 bedroom, 2 bathroom home where the costly, behind the scenes updates are already handled. New vinyl siding and new windows mean a sound, energy efficient envelope and years of worry free ownership from day one. Inside, a well added third bathroom on the second floor gives growing families or roommates the extra space that is so hard to find in this price range, across an efficient 989 square feet with two full baths. The interior offers a clean canvas ready for your cosmetic touches, the perfect chance to update finishes to your own style and build instant equity rather than paying a premium for someone else's choices. The Kenner location puts you minutes from schools, parks, shopping, and everyday essentials, with quick access to Highway 115 for commuters heading toward the 401 and the GTA. It is a settled, family friendly neighbourhood with genuine day to day convenience. Whether you are a first time buyer looking to get into the market or an investor seeking a property with upside, 722 Gillespie is a rare chance to build value in a location that holds it. Book your private showing today.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,495 |
| Lot Size | 50 ft x 100 ft |
| mls© Number | X13500880 |
| Listed By | Royal Heritage Realty Ltd. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,328
- Property tax
- $291
- Heat allowance
- $150
- Housing costs
- $2,770 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$85,000
gross annual household income
- Payment at 4%
- $1,914 / mo
- Cash down
- $90,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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