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Otonabee Ward 1, Peterborough
$565,000
This beautifully renovated 1.5 storey home delivers exceptional value with turnkey living from top to bottom - no updates needed, no surprises, just move in and enjoy. The open-concept main floor impresses with a newly designed kitchen featuring a central island, quartz countertops, ample cabinetry, and a cozy fireplace. A main floor bedroom and full bathroom add rare flexibility often missing at this price point. Upstairs offers two spacious bedrooms, including a surprising and luxurious primary suite with a stunning ensuite and large glass shower - the kind of feature you'd expect in a much higher-priced home. The fully finished lower level adds even more usable space: a fourth bedroom with egress window, a full bathroom, a comfortable family room, laundry, and generous storage - effectively giving you the size and function of a much larger home. With newer windows, flooring, and fresh paint already done, plus a generous lot with a spacious yard, this home checks every box for families and entertainers alike. Add in the convenient location near Highway 115, schools, and shopping, and this move-in ready property represents outstanding value in a sought-after, family-friendly neighbourhood.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,665 |
| Lot Size | 50 ft x 103.53 ft |
| mls© Number | X13790462 |
| Listed By | Royal Lepage Frank Real Estate Electric City |
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%
- $2,892
- Property tax
- $305
- Heat allowance
- $150
- Housing costs
- $3,347 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$103,000
gross annual household income
- Payment at 4%
- $2,378 / mo
- Cash down
- $113,000
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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