583 Reid Street, Peterborough, ON

$459,900
MLS#:X12169210
5 beds
2 baths
700-1100 sqft
4.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Bungalow-Raised"] detached located in the coveted neighborhood of Town Ward 3. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $459,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 5 Bedrooms and 2 Bathrooms with 2 functional kitchens
  • Generous living space spanning 700-1100 sqft on a premium 40 x 114.16 ft lot
  • Features a ["apartment", "walk-up"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: Carpet Free, Floor Drain, In-Law Suite
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

Welcome to 583 Reid Street a beautifully updated all-brick bungalow in the heart of Peterborough, offering style, space, and flexibility for a variety of lifestyles. This home has been completely renovated top to bottom, inside and out, and is ready for you to move in and enjoy. The main floor features a bright, open-concept layout with a beautiful updated kitchen 2 generously sized bedrooms and a full bathroom. The updated kitchen flows nicely into the living area, making it the perfect spot to relax or entertain. Downstairs, the fully finished lower level almost doubles your living space, offering 3 additional bedrooms, a second kitchen, and a 3-piece bathroom ideal for a growing family, multigenerational living, or a private guest suite. Whether you need space for teens, in-laws, visitors, or a home office, this flexible layout makes it easy to tailor the space to your needs. The thoughtful renovations throughout bring peace of mind while preserving the home's solid brick charm. Outside, you'll find a spacious deck and fenced backyard that's great for kids, pets, or hosting summer BBQs. A large mature tree offers natural shade, and the storage shed provides room for tools and outdoor gear. Located just steps from downtown shops, restaurants, and amenities, and conveniently across the street from a public transit stop, this home makes day-to-day life easy and walkable. Whether you're commuting, downsizing, upsizing, or simply looking for a move-in-ready home in a great location, 583 Reid Street delivers. This is a rare turnkey opportunity in a vibrant central neighborhood don't miss your chance to call it home or add to your investment portfolio!

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Key Features

Bedrooms
5
Bathrooms
2
Kitchens
2
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJune 3, 2025
Sold price information is available to members only
Listed Date5/23/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionBrick
Lot Size40 × 114.16 Feet
CountyPeterborough
Annual Tax$3,238
Legal DescriptionPT LT 16 S OF DUBLIN ST & W OF GEORGE ST PL 1 TOWN OF PETERBOROUGH AS IN R227952; T/W R227952; PETERBOROUGH CITY

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Fenced Yard, Hospital, Library, Place Of Worship, Public Transit, School Bus Route

Community Features

Location

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583 Reid Street, Peterborough, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 583 Reid Street, Peterborough, ON K9H 4H2

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$367,920
Monthly Mortgage$2,138
Property Tax (Est.)$270
Utilities & Maint.$350
Total Monthly Cost$2,758

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Peterborough.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Town Ward 3, Peterborough.

Verified Local Data
City Population128,624
City Median Age45.2 Yrs
City Ownership70% Owners
Avg Area List Price$580,916

People & Families

Age Distribution

Household Composition

One-person households
29%
Families with children
36%
Couples without children
32%
Other households
3%

Top Ethnic Origins

English33%
Irish30%
Scottish25%
Canadian17%

Local Schools Guide

Elementary Schools

Queen Mary
Public1445 Monaghan Road, Peterborough, Ontario, K9J 5M8
4.0
Prince of Wales
Public1211 Monaghan Road, Peterborough, Ontario, K9J 5L4
4.1
Immaculate Conception
Public76 Robinson Street, Peterborough, Ontario, K9H 1E8
5.9
Highland Heights
Public430 Highland Road, Peterborough, Ontario, K9H 5J7
4.6
Westmount
Public1520 Sherwood Crescent, Peterborough, Ontario, K9J 6T8
5.2

Secondary Schools

St. Peter’s
CatholicPeterborough, Ontario
6.7
Adam Scott
Public175 Langton Street, Peterborough, Ontario, K9H 6K3
5.3

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied70%
Rented30%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.