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Listed 1 month ago

849 Water Street

Northcrest Ward 5, Peterborough

$419,900

Detached|1 1/2 Storey
3 | 2 | 4
About this home

Perfect for First-Time Buyers, Families, or Investors! This well-maintained 4-bedroom home offers exceptional value with numerous updates throughout, making it an ideal opportunity for first-time buyers, growing families, or investors seeking a turnkey rental property. With its proximity to city transit, shopping, restaurants, parks, walking trails, the beach, and a direct bus route to Trent University, this property offers both convenience and strong rental appeal. Step inside to discover a bright, clean interior featuring fresh paint and updated light fixtures. The home has benefited from extensive improvements over the years, providing peace of mind for its next owner. Updates include a gas furnace, newer windows (2011 and 2013), new siding in 2011, and a new roof in 2025.The detached garage renovations in 2011, including a new concrete slab, updated wiring with a 60-amp pony panel, and added insulation-making it an excellent space for storage, a workshop, or hobby area. Garage shingles new in 2016. Additional exterior improvements include a rear concrete porch, freshly painted front porch, newer concrete walkway, and updated front and rear doors. Whether you're looking for a family home in a convenient location or a solid investment opportunity with excellent potential for student or family rentals, this move-in-ready property checks all the boxes. Simply unpack, settle in, and enjoy everything this fantastic home and location have to offer.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. Age100+
Size700-1100 sq. ft.
Property Tax$3,804
Lot Size31 ft x 90.2 ft
mls© NumberX13759162
Listed ByExit Realty Liftlock

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%
$2,149
Property tax
$317
Heat allowance
$150
Housing costs
$2,616 / mo

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

Down payment20% · $83,980
25-yr amortization

Income needed

$80,000

gross annual household income

Payment at 4%
$1,767 / mo
Cash down
$83,980

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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