2225 Lorraine Drive, Peterborough, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Northcrest Ward 5. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $769,000 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.
- 3 Bedrooms and 3 Bathrooms
- Generous living space spanning 1100-1500 sqft on a premium 50.15 x 118.79 ft lot
- Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Water Heater
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Includes pick your own new appliances!! Welcome to a beautifully renovated home that blends stylish updates with everyday comfort offering the perfect balance of luxury and value. Minutes to Trent University and north-end amenities, Lorraine Drive offers a premium location on a quiet street in University Heights. Fully renovated in 2025, this move-in ready home features beautiful ash hardwood flooring, smooth ceilings, all new lighting, updated fixtures, and fine quality finishes throughout. The bright living room offers a gorgeous new gas fireplace surround and an oversized window that fills the space with natural light. The brand-new kitchen is a standout with stylish cabinetry, expansive counters, and a large eat-in dining area. The main floor offers three bedrooms, including a spacious primary suite with four-piece ensuite bathroom. Downstairs, you'll find luxury vinyl flooring, a huge open-concept rec room, finished office space, a beautifully updated 3-piece bath, and a large dedicated laundry room. With an additional storage room and inside garage access, you'll love the great functional layout. Outside, enjoy a fenced yard, updated deck, and the charm of this family-friendly neighbourhood filled with established homes and mature trees. With major updates already done including plumbing, doors, cabinetry, flooring, tile, paint, lighting and finishes, this home offers unparalleled value at a price that simply doesn't reflect the investment made. It's a rare find in this condition in a premium location. **All furnishings and kitchen appliances in images are virtually staged for illustrative purposes only and are not included in sale, however Seller is offering the Buyer a $10,000 credit on closing towards the purchase of new appliances.**
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Property Summary
This detached home located at 2225 Lorraine Drive, Peterborough is currently for sale and has been available on SousaSells for 72 days. This property is listed at $769,000 with an estimated mortgage of $2,560* per month. It has 3 beds, 3 bathrooms, and is 1100-1500 square feet. 2225 Lorraine Drive, Peterborough is in the Northcrest Ward 5 neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 3 bedrooms and 3 bathrooms, this home offers ample space and comfort for growing families in Northcrest Ward 5, Peterborough.
- •3 spacious bedroom layout offering versatile living space
- •3 well-appointed bathrooms
- •1100-1500 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
- School
Interior Features
- Water Heater
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 2225 Lorraine Drive, Peterborough, ON
Q.What is the asking price for 2225 Lorraine Drive, Peterborough, ON ?
The current listing price for 2225 Lorraine Drive, Peterborough, ON in Northcrest Ward 5, Peterborough is $769,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 3 bedrooms and 3 bathrooms across approximately 1100-1500 sqft.
Q.What property type and architectural style is 2225 Lorraine Drive, Peterborough, ON ?
2225 Lorraine Drive, Peterborough, ON is a Detached (Bungalow) featuring a Finished basement.
Q.What key property features does 2225 Lorraine Drive, Peterborough, ON offer?
Key property features include: School.
Q.What interior features are included in this home?
Interior highlights include: Water Heater.
Q.Is parking available at this property?
Yes, this property offers parking space for 4.0 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 2225 Lorraine Drive, Peterborough, ON K9L 1Y6
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About Purchasing a Home in Peterborough, ON
For a property listed at $769,000 in Peterborough, the legal minimum down payment is $51,900 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 $11,855 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 $11,855.
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