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Otonabee Ward 1, Peterborough
$599,800
Beautiful home with opportunity to add rental income to help pay down your mortgage! No current tenants, so you can set your own direction. A rare opportunity in the city offering space, versatility and income potential. Set on an impressive deep lot, this property features a legal accessory suite, making it an excellent option for first-time buyers looking to offset mortgage costs with rental income, investors, or those seeking multi-generational living. The private lower-level suite offers a bright and spacious family room, bedroom, kitchen, 4-piece bathroom, laundry and utility space. The main home is filled with character, featuring hardwood floors, a welcoming sunroom, a kitchen overlooking the backyard, main-floor laundry, two upper-level bedrooms and a 4-piece bathroom. Outside is where this property really STANDS apart. The expansive backyard offers plenty of room for kids and pets to play, mature trees, perennial gardens and space to relax or entertain. A detached garage and generous parking provide excellent possibilities for a handyman, hobbyist, mechanic, workshop or simply anyone needing extra vehicle and storage space. Conveniently located within walking distance of downtown Peterborough, Del Crary Park, the Farmers' Market and transit, with easy access to Highway 115. A property with room to live, work and generate income - all in the city.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $5,044 |
| Lot Size | 50 ft x 225.72 ft |
| mls© Number | X13693328 |
| Listed By | Royal 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%
- $3,070
- Property tax
- $420
- Heat allowance
- $150
- Housing costs
- $3,640 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$112,000
gross annual household income
- Payment at 4%
- $2,524 / mo
- Cash down
- $119,960
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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