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Price Change$898,800

1664 Forster Avenue

Otonabee Ward 1, Peterborough

$849,000

Detached|2-Storey
4 | 4 | 6
About this home

In an area of Peterborough's west-end sits College Park, a community of upscale homes on oversized lots. The location offers nearby parks and trails, groceries, the Wellness Centre, and Fleming College ... and just a short walk away. This executive home sits on the corner of Forster and Waddell, has a 0.2 acre lot, with beautiful perennial gardens, a gorgeous patio backyard, and interlocking walkways. With over 2800 square feet of finished space across three levels, this home offers 5 bedrooms, 4 bathrooms, and separate living spaces on each floor. Plenty of room for storage plus a double car garage. Prestigious curb appeal and the entry foyer with high ceilings set this home apart. The formal living room features a brick fireplace and open concept to the dining room. Eat-in kitchen with granite counters, ceramic floors and walk-out to the backyard, where you will really enjoy space made for entertaining and outdoor enjoyment. The second level has four bedrooms and two bathrooms, plus a family room, with the primary bedroom offering a large en-suite bathroom and his/her closets. The lower level has so much space including a bedroom plus a great office / den, with plenty of room to set up entertainment areas, exercise equipment, or perhaps a full in-law suite. A magnificent home awaiting its next family to make it their own.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age31-50
Size2000-2500 sq. ft.
Property Tax$7,784
Lot Size178.39 ft x 0 ft
mls© NumberX13736310
Listed ByRoyal LePage ProAlliance Realty

Listing History

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  • 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%
$4,346
Property tax
$649
Heat allowance
$150
Housing costs
$5,144 / mo

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

Down payment20% · $169,800
25-yr amortization

Income needed

$158,000

gross annual household income

Payment at 4%
$3,573 / mo
Cash down
$169,800

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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