994 Western Avenue, Peterborough, ON
Property no longer active
This property was sold on June 5, 2026. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow vacant land located in the coveted neighborhood of Otonabee Ward 1. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $218,000 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.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 700-1100 sqft on a premium 60 x 122.5 ft lot
- Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
Description
Investor opportunity in the heart of downtown Peterborough. Ideally located within walking distance to the city's main strip, with convenient access to the hospital, schools, and local amenities. This property presents exceptional development potential, having previously received conditional approval for severance.An excellent opportunity for builders and investors. Explore the potential to create two separate homes, or maximize returns with a duplex or triplex build (buyer to complete due diligence). A rare chance to secure a versatile property in a central location.
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Property Summary
This vacant land located at 994 Western Avenue, Peterborough is currently for sale and has been available on SousaSells for 66 days. This property is listed at $218,000 with an estimated mortgage of $726* per month. It has 2 beds, 1 bathroom, and is 700-1100 square feet. 994 Western Avenue, Peterborough is in the Otonabee Ward 1 neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Otonabee Ward 1, Peterborough.
- •2 spacious bedroom layout offering versatile living space
- •1 well-appointed bathroom
- •700-1100 sqft of generous functional square footage
First-time home buyers, professionals, or investors seeking value.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Hospital
- Library
- Public Transit
- Level
- Rec./Commun.Centre
- School
Interior Features
None listed
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 994 Western Avenue, Peterborough, ON
Q.What is the asking price for 994 Western Avenue, Peterborough, ON ?
The current listing price for 994 Western Avenue, Peterborough, ON in Otonabee Ward 1, Peterborough is $218,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 2 bedrooms and 1 bathroom across approximately 700-1100 sqft.
Q.What property type and architectural style is 994 Western Avenue, Peterborough, ON ?
994 Western Avenue, Peterborough, ON is a Vacant Land (Bungalow) featuring a Crawl Space basement.
Q.What key property features does 994 Western Avenue, Peterborough, ON offer?
Key property features include: Hospital, Library, Public Transit, Level, Rec./Commun.Centre, School.
Q.Is parking available at this property?
Yes, this property offers parking space for 3.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via standard central heat and cooling via .
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Pricing & Value Insights
Data-driven valuation for 994 Western Avenue, Peterborough, ON K9J 5W3
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Peterborough, ON
For a property listed at $218,000 in Peterborough, the legal minimum down payment is $10,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $1,905 for this transaction. As this listing is in Peterborough (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $1,905.
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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.