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New5 days ago

504 Settler's Ridge NW

Northcrest Ward 5, Peterborough

$720,000

Detached|Bungalow
2 | 3 | 3
About this home

Welcome to this charming 2+1 bedroom, 3-bathroom bungalow! Beautifully built by Cleary, this all-brick home is ideally situated in a desirable north-end neighbourhood of Peterborough, centrally located near the Peterborough Zoo and the scenic Otonabee River. Set on a corner lot, this inviting home features an abundance of bright windows throughout. The spacious living room offers plenty of natural light and Hunter Douglas shades, while the eat-in kitchen provides a comfortable space for everyday living. An additional sitting area off the dining room creates the perfect spot to relax or entertain.The finished basement offers excellent additional living space, complete with a sliding glass walkout, numerous above-grade windows, a cozy gas fireplace, a three-piece bathroom, and an extra-large bedroom. The unfinished area provides endless possibilities, whether you envision a playroom, hobby space, or additional storage. Outside, enjoy the beautiful perennial gardens, highlighted by mature Rose of Sharon trees, adding charm and colour to this lovely property. A wonderful opportunity to enjoy comfortable living in a sought-after Peterborough location, close to parks, nature, and local amenities!

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age16-30
Size1500-2000 sq. ft.
Property Tax$6,988
Lot Size48 ft x 101 ft
mls© NumberX14023018
Listed ByColdwell Banker 2M Realty

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%
$3,685
Property tax
$582
Heat allowance
$150
Housing costs
$4,418 / mo

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

Down payment20% · $144,000
25-yr amortization

Income needed

$136,000

gross annual household income

Payment at 4%
$3,030 / mo
Cash down
$144,000

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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