428 Otonabee Drive, Peterborough, ON
Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Ashburnham Ward 4. Expertly crafted featuring premium vinyl siding and brick construction, this residence presents an exceptional opportunity offered at $499,000 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.
- 5 Bedrooms and 2 Bathrooms
- Generous living space spanning 700-1100 sqft on a spacious lot (Feet)
- Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available with a convenient attached configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to your next home or savvy investment property. Nestled in a highly desirable, family-friendly Peterborough neighbourhood just steps from a local school, this beautifully laid out bungalow offers exceptional space, versatility, and curb appeal on a generous corner lot. Step inside to a welcoming main level designed for comfortable family living and effortless entertaining. The bright and airy living room is perfect for relaxing, while the adjacent dining room features a fantastic walk-out to a deck. A practical kitchen with great workflow serves the main floor, which also hosts three well-proportioned bedrooms and a convenient four-piece bathroom with skylight offering amazing lighting. The fully finished lower level feels remarkably spacious and offers incredible potential for an in-law suite, teenage retreat, or ultimate entertainment zone. It boasts two additional bedrooms that are perfect for guests or a dedicated home office, alongside a separate rec room and a game room. These dual living spaces give you endless layout options to set up a home gym, a pool table, or a cozy secondary TV lounge. A second full four-piece bathroom and a large laundry and utility room complete this lower level. Enjoy unbeatable convenience for families with the ability to walk the kids to school in minutes, while parks, transit, and Peterborough's great local amenities remain just a short drive away.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 428 Otonabee Drive, Peterborough, ON K9J 7R1
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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 $499,000 in Peterborough, the legal minimum down payment is $24,950 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 $6,455 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 $6,455.
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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.