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$699,900

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#502 1818 Cherryhill Road, Peterborough (Monaghan Ward 2) - Single Family for Sale

#502 1818 Cherryhill Road, Peterborough (Monaghan Ward 2), Ontario, K9K1S6

2 beds3 baths2 parking2,125 ft²$1,988/mo condo feeListed 40 days ago

Overview

This 2-bedroom, 3-bathroom condo in Peterborough is for sale offering roughly 2,125 sq ft of space. It has been on the market 40 days, fresher than the Peterborough average of 60 days.

Condos for Sale in Peterborough →All real estate in Peterborough →

Description

Condo fees include water, heat, AC, 2 parking spots, pool maintenance, common elements, liability insurance, heat pump maintenance plus more. This beautifully updated and renovated penthouse condominium at Summit Place offers an expansive 2350 square feet of living space. This home offers breathtaking views, a roof top patio, floor- to- ceiling windows, two private patios and more. Open concept living space flows beautifully. Upgraded chef's kitchen. 2 bedrooms and 3 bathroom; the primary bedroom offers a luxurious ensuite and walk in closet. The loft area provides additional living space with gas fireplace, a home office, bath and access to the rooftop patio with breathtaking views of the Peterborough skyline. Two parking spots. Summit Place is located in Peterborough's preferred west-end; the condominium offers beautiful gardens, an outdoor heated pool, a library, storage for spots equipment in the garage, a workshop and more. Move in and enjoy stress-free living in a well-maintained, sought-after building. (id:66096)

Property Details

MLS®: X13829202
Property Type: Single Family
Zoning: Single Family Residential
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 2
Interior Size: 2,125 ft²
Style: Loft
Basement: None
Heating: Heat Pump, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Fireplace: Yes
Pool: Yes
Condo Fee: $1,988/mo
Fee Includes

Rooms

Main level

Dining room: 4.31 x 3.65 meters
Kitchen: 3.45 x 3.47 meters
Living room: 5.65 x 4.14 meters
Primary Bedroom: 4.32 x 3.69 meters
Bedroom: 4.33 x 2.94 meters
Office: 4.81 x 4.74 meters
Laundry room: 2.96 x 1.82 meters
Bathroom: 1.67 x 2.31 meters
Bathroom: 4.05 x 3.23 meters

Second level

Bathroom: 1.54 x 1.51 meters

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Window Coverings, Garage door opener remote(s), Water Heater
Foundation: Concrete
Exterior: Stucco
Lot Features: Wooded area, Elevator, Balcony, Level, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

40d

Peterborough (Monaghan Ward 2) listings, avg age

60d

Price / ft²

$329

List price

$700K

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 2-bed single family in Peterborough (Monaghan Ward 2) has been listed for 40 days, which is 20 days fresher than the city average of 60. Act while there is still low competition.

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Listed by Royal LePage Frank Real Estate · Barbara Battaglia

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K9K)

This home lists at $699,900, about 7.1× the local median household income of $98,000.

Carrying it typically needs a household income of about $136,715 (20% down, 25-yr amortization, stress-tested) — roughly 40% above the area median.

Median household income: $98,000
Population: 13,359
Median age: 47.2
Owner / renter: 82% / 18%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA K9K)

$699,900· $329/ft²

For sale

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Full Cost Breakdown

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Down Payment6.43% · $44,990.00

Min 6.43%50%

Mortgage payment$3,631/mo

↳ CMHC premium ($26,196 capitalized)

Property tax (est.)$638/mo

Condo fee$1,988/mo

Total monthly$6,257

Cash Needed to Close

Down payment (6.43%)$44,990

Land transfer tax$10,473

Est. closing costs$4,600

Total cash needed$60,063

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Open house

#502 1818 Cherryhill Road, Peterborough (Monaghan Ward 2) - Single Family for Sale

Description

Property Details

Rooms

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (K9K)

Book a showing

Full Cost Breakdown