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Listed 25 days ago

625 Union Street

Town Ward 3, Peterborough

$425,000

Detached|2-Storey
3 | 2 | 3
About this home

A detached home in Peterborough for $425,000. 3 bedrooms, 2 bathrooms, updated kitchen, parking for two and flexible possession. Renovated (2021) 2-storey century home delivers. Nestled on a quiet street in the heart of central Peterborough, directly across from a park and just steps from the Otonabee River waterfront, scenic trails, downtown shops, cafés, restaurants, and the Trent Express, this charming 3-bedroom, 2-bathroom home offers the perfect blend of character, modern updates, and an unbeatable walkable/bikeable lifestyle. Full of character, the home showcases its original staircase and trim, complemented by fresh modern paint tones throughout. The eat-in kitchen features a custom-built banquette and handcrafted butternut dining table, quartz countertops, stainless steel appliances, newer cabinetry, updated electrical, modern lighting, under-cabinet lighting, and two walk-outs; one to a cozy covered porch enclosed on three sides and one to a sun-drenched deck. The main floor also offers a convenient bedroom, a 3-piece bathroom with walk-in shower and newer vanity, plus in-closet laundry. Upstairs, you'll find two spacious bedrooms with large closets and bright windows, an updated 4-piece bathroom with newer tile, vanity, toilet, and fixtures ... plus an alcove area that makes for a cozy office space or a crafting/reading nook. Additional updates include laminate flooring throughout and an owned hot water tank less than a year old. Outside, enjoy a charming covered front porch, parking for three vehicles, and a private backyard with an oversized shed ideal for a workshop, hobby space, or additional storage. Just minutes from schools, grocery stores, Peterborough Regional Health Centre, Highway 115, and all the conveniences of downtown, this home is an excellent opportunity for first-time buyers, investors, or those looking to capitalize on its strong student rental potential.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$3,608
Lot Size32 ft x 97 ft
mls© NumberX13818088
Listed ByRE/MAX HALLMARK EASTERN 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%
$2,175
Property tax
$301
Heat allowance
$150
Housing costs
$2,626 / mo

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

Down payment20% · $85,000
25-yr amortization

Income needed

$81,000

gross annual household income

Payment at 4%
$1,788 / mo
Cash down
$85,000

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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