2221 Lorraine Drive, Peterborough, ON
Property no longer active
This property was sold on July 14, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Northcrest Ward 5. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $749,900 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.
- 3 Bedrooms and 2 Bathrooms
- Generous living space spanning 700-1100 sqft on a premium 50.1 x 113.03 ft lot
- Features a full, partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Air Exchanger, Primary Bedroom - Main Floor, Water Heater
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to the very sought-after area of University Heights in Peterborough. This solid brick raised bungalow on a large lot has 3 bedrooms on the main level and a 4pc bath. The kitchen is directly off the living/dining area and has a walkout to the deck. The lower level has an additional 4pc bath, a spacious rec room area with large windows to flood the room with natural light. A second room has the potential to accommodate another bedroom or two. There is plenty of room in the 2 car garage to park vehicles and access the house or the manicured backyard. Very close to Trent University, the Otonabee River and all amenities.
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Property Summary
This detached home located at 2221 Lorraine Drive, Peterborough is currently for sale and has been available on SousaSells for 412 days. This property is listed at $749,900 with an estimated mortgage of $2,496* per month. It has 3 beds, 2 bathrooms, and is 700-1100 square feet. 2221 Lorraine Drive, Peterborough is in the Northcrest Ward 5 neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 3 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Northcrest Ward 5, Peterborough.
- •3 spacious bedroom layout offering versatile living space
- •2 well-appointed bathrooms
- •700-1100 sqft of generous functional square footage
Families, couples, or downsizers looking for a well-proportioned home in Peterborough.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Golf
- Hospital
- Library
- Place Of Worship
- Public Transit
- School
Interior Features
- Air Exchanger
- Primary Bedroom - Main Floor
- Water Heater
- Water Meter
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 2221 Lorraine Drive, Peterborough, ON
Q.What is the asking price for 2221 Lorraine Drive, Peterborough, ON ?
The current listing price for 2221 Lorraine Drive, Peterborough, ON in Northcrest Ward 5, Peterborough is $749,900.
Q.How many bedrooms and bathrooms does this property have?
This property features 3 bedrooms and 2 bathrooms across approximately 700-1100 sqft.
Q.What property type and architectural style is 2221 Lorraine Drive, Peterborough, ON ?
2221 Lorraine Drive, Peterborough, ON is a Detached (Bungalow-Raised) featuring a Full, Partially Finished basement.
Q.What key property features does 2221 Lorraine Drive, Peterborough, ON offer?
Key property features include: Golf, Hospital, Library, Place Of Worship, Public Transit, School.
Q.What interior features are included in this home?
Interior highlights include: Air Exchanger, Primary Bedroom - Main Floor, Water Heater, Water Meter.
Q.Is parking available at this property?
Yes, this property offers parking space for 6.0 vehicles (Attached).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Pricing & Value Insights
Data-driven valuation for 2221 Lorraine Drive, Peterborough, ON K9L 1X5
Based on 0 recent similar sales in the pocket.
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 $749,900 in Peterborough, the legal minimum down payment is $49,990 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 $11,473 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 $11,473.
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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.