Otonabee Ward 1 · K9J 4A9
$499,900
$714 / sq ft3 months on market
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Charming Character Home with Exceptional Investment Potential!Welcome to this delightful 1.5-storey home, originally built in the 1950s and full of warmth, charm, and timeless character. Situated in a highly desirable neighbourhood in Peterborough, this well-located property offers an outstanding opportunity for families, investors, or those seeking multi-generational living.Featuring 3 spacious bedrooms and 2 bathrooms, this home provides a functional layout with plenty of natural light and inviting living spaces. The separate side entrance offers excellent potential for a future in-law suite or duplex conversion (subject to municipal approvals), making it an attractive option for income generation or extended family accommodation.Outside, you'll find a generous rear yard with ample space for entertaining, gardening, children, or pets, along with the convenience of a covered carport. The location is hard to beat-close to schools, shopping, public transit, parks, and everyday amenities, with easy access to Costco Wholesale and nearby educational institutions, making it particularly appealing for student housing opportunities.Whether you're looking for a family home, an investment property, or a residence with future development potential, this charming character home delivers outstanding value in one of Peterborough's most convenient locations.Highlights:* Charming 1950s-built character home* 1.5-storey design* 3 bedrooms, 2 bathrooms* Separate side entrance with duplex/in-law suite potential* Large private rear yard* Covered carport* Excellent family-friendly neighbourhood* Ideal for families, investors, or student rentals* Close to schools, shopping, transit, parks, and Costco* Strong income and future value-add potentialA rare opportunity to own a character-filled home with flexibility, location, and investment potential all in one package.
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced in line with comparable listings — about 30% of comparable detached listings in Otonabee Ward 1 are asking less.
Based on 46 comparable active detached listings in Otonabee Ward 1. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $499,900. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of SUTTON GROUP INCENTIVE REALTY INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Listing courtesy of RE/MAX HALLMARK EASTERN REALTY
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Otonabee Ward 1
Listing courtesy of RE/MAX HALLMARK EASTERN REALTY
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Otonabee Ward 1
Listing courtesy of MinCom Kawartha Lakes Realty Inc.
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Otonabee Ward 1
Listing courtesy of Bowes & Cocks Limited
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Otonabee Ward 1
Listing courtesy of RE/MAX HALLMARK EASTERN REALTY
$449,900
Otonabee Ward 1
Listing courtesy of Royal Heritage Realty Ltd.