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$499,900

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591 Otonabee Drive, Peterborough (Ashburnham Ward 4) - Single Family for Sale

591 Otonabee Drive, Peterborough (Ashburnham Ward 4), Ontario, K9J7X8

3 beds2 baths4 parking900 ft²55 × 100 ft (5,500 sq ft) lot sizeListed 38 days ago

Overview

This 3-bedroom, 2-bathroom home in Peterborough is for sale offering roughly 900 sq ft of space. Listed at $499,900, it is attractively priced about 15% below the $585,000 median asking price in Peterborough. It has been on the market 38 days, fresher than the Peterborough average of 51 days.

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Description

Charming raised bungalow with a finished lower level in a family friendly neighborhood! This move-in ready home has been freshly painted and features 2+1 bedrooms and 2 updated bathrooms. The open concept living/dining area features hardwood floors and provides a warm and inviting atmosphere. The bright kitchen features a walkout to the deck, perfect to relax, BBQ or entertain. The lower level has the potential to add a 4th bedroom, providing flexibility for your family's needs. Potential for in-law suite in lower level. Conveniently located close to schools, transit, shopping, Hwy 115, Fleming, Trent, and parks, this home offers both comfort and convenience. (id:66096)

Property Details

MLS®: X13840090
Property Type: Single Family
Zoning: R1
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 4
Interior Size: 900 ft²
Lot Size: 55 × 100 ft (5,500 sq ft)
Frontage: 55 ft
Storeys: 1
Style: Raised bungalow
Basement: Finished, Full
Heating: Baseboard heaters, Electric
Cooling: None
Garage: No Garage
Ownership: Freehold
Property Tax

Rooms

Main level

Living room: 3.98 x 4.76 meters
Dining room: 3.14 x 3.68 meters
Kitchen: 3.02 x 3.67 meters
Primary Bedroom: 3.02 x 3.8 meters
Bedroom 2: 3.98 x 3.07 meters
Bathroom: 2.93 x 2.32 meters

Basement

Laundry room: 2.46 x 3.33 meters
Recreational, Games room: 4.19 x 3.33 meters
Bedroom: 3.12 x 4.05 meters
Bathroom: 3.41 x 1.84 meters

Features

Appliances: Washer, Refrigerator, Water meter, Dishwasher, Stove, Dryer
Foundation: Block
Exterior: Brick, Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

38d

Peterborough (Ashburnham Ward 4) listings, avg age

51d

Price / ft²

$555

List price

$500K

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 (Ashburnham Ward 4) has been listed for 38 days, which is 13 days fresher than the city average of 51. Act while there is still low competition.

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Listed by Bowes & Cocks Limited · Patrick McAuley

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K9J)

This home lists at $499,900, about 6.9× the local median household income of $72,500.

Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — roughly 35% 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)

$499,900· $555/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,995

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($18,996 capitalized)

Property tax (est.)$342/mo

Total monthly$2,975

Cash Needed to Close

Down payment (5%)$24,995

Land transfer tax$6,473

Est. closing costs$4,000

Total cash needed$35,468

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Open house

591 Otonabee Drive, Peterborough (Ashburnham Ward 4) - Single Family for Sale

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (K9J)

Book a showing

Full Cost Breakdown