2229 Lorraine Drive
Northcrest Ward 5, Peterborough
$749,900
BEAUTIFULLY FINISHED THREE BEDROOM BACKSPLIT HOME IN HIGHLY DESIRABLE UNIVERSITY HEIGHTS LOCATION. THIS ONE OWNER FAMILY HOME HAS BEEN CHERISHED AND OFFERS A LIST OF FEATURES, UPDATES, AND UPGRADES. THE MAIN FLOOR BEGINS WITH AN ENTRY FOYER, SITTING ROOM, CUSTOM KITCHEN WITH QUARTZ COUNTERS AND STAINLESS APPLIANCES, AND A DINING ROOM WITH POOL DECK ENTRY. THE SECOND LEVEL OFFERS A LARGE PRIMARY BEDROOM, FULL BATHROOM, AND TWO ADDITIONAL BEDROOMS. THE LOWER LEVEL IS SPACIOUS AND INVITING FEATURING A FAMILY TV ROOM WITH POOL TABLE AND A FULL BATHROOM COMPLETE WITH SOAKER TUB WHILE THE BASEMENT OFFERS A LARGE BONUS ROOM CURRENTLY USED AS GUEST BEDROOM, ADDITIONAL STORAGE, AND LAUNDRY UTILITY SPACE. THE REAR YARD IS A TRUE OASIS FEATURING AN IN GROUND POOL, PATIO, TIKI HUT, AND MORE. ADDITIONAL UPGRADES AND FEATURES INCLUDE A NEW ROOF 2023, NEW FURNACE 2024, POOL LINER 2023, AND AN ATTACHED HEATED DOUBLE GARAGE. TURN KEY LIVING IN THIS PREMIUM NORTH END NEIGHBOURHOOD.
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| Type | Detached |
| Style | Backsplit 4 |
| Approx. Age | 31-50 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,679 |
| Lot Size | 50.89 ft x 121.65 ft |
| mls© Number | X13731020 |
| Listed By | Century 21 United Realty Inc. |
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%
- $3,838
- Property tax
- $473
- Heat allowance
- $150
- Housing costs
- $4,462 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$137,000
gross annual household income
- Payment at 4%
- $3,156 / mo
- Cash down
- $149,980
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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