$379,900

For saleJust listed

277 Reid Street, Peterborough (Town Ward 3) - Single Family for Sale

277 Reid Street, Peterborough (Town Ward 3), Ontario, K9J3P9

3 beds1 bath3 parking1,300 ft²40 × 75 ft (3,000 sq ft) lot sizeListed 2 days ago

Overview

This 3-bedroom, 1-bathroom home in Peterborough is for sale offering roughly 1,300 sq ft of space. Listed at $379,900, it is attractively priced about 16% below the $454,900 median asking price in Peterborough. It has been on the market 2 days, fresher than the Peterborough average of 60 days.

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Description

Home ownership is within reach! With a generous RENT TO OWN option available to qualified buyers, you can build equity while building up your down payment. Centrally located detached home... Classic sandstone brickwork plus front porch, and many character features throughout, this 3 or 4 bedroom home provides a superb opportunity to enter the housing market. Many recent upgrades, and a touch of TLC will make this a great home! Roof 2016, majority of windows & furnace done in 2018, and freshly painted 2026. Massive kitchen with lots of cupboard space plus main level laundry. 3 bedrooms upstairs with a 4 piece bathroom, but also, a potential main level bedroom. Main level has hardwood floors. Outside there are perennial gardens and a fenced backyard with patio area. Centrally located with space for parking, this would also make for a good rental or student residence building. Rooftop grasshopper solar contract with Hydro One, with homeowner receiving payments for solar at the contract maturity date. (id:66096)

Property Details

MLS®: X14139278
Property Type: Single Family
Zoning: R12
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 40 × 75 ft (3,000 sq ft)
Frontage: 40 ft
Storeys: 1
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: Window air conditioner
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $3,268.41/yr
Listed

Rooms

Main level

Kitchen: 3.33 x 4.14 meters
Dining room: 2.51 x 4.06 meters
Living room: 5.84 x 3.84 meters
Den: 3.56 x 3.76 meters

Second level

Primary Bedroom: 3.2 x 3.3 meters
Bedroom 2: 3.23 x 3.15 meters
Bedroom 3: 2.49 x 3.3 meters
Bathroom

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Stove, Dryer
Foundation: Stone
Exterior: Brick
Lot Features: Level

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Peterborough (Town Ward 3) listings, avg age

60d

Price / ft²

$292

List price

$380K

Homes here sell faster than most markets

Sold homes in this market spent an average of 38 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 3-bed single family in Peterborough (Town Ward 3) has been listed for 2 days, which is 58 days fresher than the city average of 60. Act while there is still low competition.

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Listed by Royal LePage ProAlliance Realty · Mark Sokolski

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K9J)

This home lists at $379,900, about 5.2× the local median household income of $72,500.

Carrying it typically needs a household income of about $74,208 (20% down, 25-yr amortization, stress-tested) — roughly 2% above the area median.

Median household income: $72,500
Population: 44,547
Median age: 44
Owner / renter: 62% / 38%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA K9J)

$379,900· $292/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,995

Min 5%50%

Mortgage payment$2,001/mo

↳ CMHC premium ($14,436 capitalized)

Property tax (est.)$272/mo

Total monthly$2,273

Cash Needed to Close

Down payment (5%)$18,995

Land transfer tax$4,174

Est. closing costs$3,640

Total cash needed$26,809

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