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Listed 3 months ago

357 Martin Road

Northcrest Ward 5, Peterborough

$613,000

Detached|Bungalow-Raised
3 | 3 | 6
About this home

Welcome to a unique opportunity in Peterborough, Ontario! This all-brick bungalow features three spacious bedrooms on the main floor and two additional bedrooms downstairs, making it perfect for families or those seeking extra space. Nestled on a generous 135 x 110 foot lot, this property offers the perfect blend of city convenience and country charm. Located on the north edge of the city, just west off Chemong Road, this home is ideally situated to take advantage of the vibrant amenities in north end Peterborough. Enjoy the best of both worlds with a peaceful, country-like atmosphere backing onto greenbelt while being just minutes from shopping, dining and recreational possibilities. The backyard oasis features an inground pool, though it does require some repair. This home presents an exciting prospect for someone with a knack for renovations! The double attached garage adds convenience, providing ample space for vehicles, workshop or storage. This property is being sold "as is," presenting a blank canvas for those ready to enhance its features. Imagine hosting summer gatherings around the pool or enjoying quiet evenings on your expansive lot. This home is a fantastic investment for those who appreciate the potential for personalization and are ready to roll up their sleeves. Don't miss the chance to make this bungalow your own and transform it into the perfect retreat! Whether you're a first-time buyer or looking to invest, this property is brimming with possibilities. With its prime location, spacious layout, and potential for improvements, this bungalow is an exceptional find. Embrace the opportunity to create your dream home!

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow-Raised
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$5,360
Lot Size135 ft x 110 ft
mls© NumberX13606338
Listed ByRoyal Lepage Proalliance Realty

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%
$3,138
Property tax
$447
Heat allowance
$150
Housing costs
$3,734 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $122,600
25-yr amortization

Income needed

$115,000

gross annual household income

Payment at 4%
$2,580 / mo
Cash down
$122,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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