508 Erskine Avenue, Peterborough, ON
Property no longer active
This property was sold on May 15, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Otonabee Ward 1. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $599,900 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 50 x 100 ft lot
- Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Accessory Apartment, In-Law Suite, Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Attention First-Time Buyers and Savvy Investors! This beautiful bungalow is the one you've been waiting for! Meticulously maintained and showing true pride of ownership, this home checks all the boxes. The main floor features three spacious bedrooms, hardwood floors, a renovated kitchen, and an open-concept layout connecting the kitchen, dining, and living areas perfect for entertaining or family living. Enjoy updated windows throughout and modernized bathrooms that add comfort and style. The lower level offers a fully finished two-bedroom suite ideal for in-laws, extended family, or potential rental income. Outside, you'll find a double paved driveway, a fully fenced yard, and a large patio that's perfect for entertaining. Conveniently located just a short walk to schools, parks and minutes to Highway 115, making commuting a breeze! Don't miss this opportunity to own a versatile and move-in ready home in a great location!
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Property Summary
This detached home located at 508 Erskine Avenue, Peterborough is currently for sale and has been available on SousaSells for 476 days. This property is listed at $599,900 with an estimated mortgage of $1,997* per month. It has 5 beds, 2 bathrooms, and is 700-1100 square feet. 508 Erskine Avenue, Peterborough is in the Otonabee Ward 1 neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 5 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Otonabee Ward 1, Peterborough.
- •5 spacious bedroom layout offering versatile living space
- •2 well-appointed bathrooms
- •700-1100 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Otonabee Ward 1, Peterborough.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Hospital
- Fenced Yard
- Level
- Library
- Park
- Public Transit
Interior Features
- Accessory Apartment
- In-Law Suite
- Other
- Water Heater
Security Features
- Carbon Monoxide Detectors
- Other
- Smoke Detector
Community Features
None listed
Frequently Asked Questions about 508 Erskine Avenue, Peterborough, ON
Q.What is the asking price for 508 Erskine Avenue, Peterborough, ON ?
The current listing price for 508 Erskine Avenue, Peterborough, ON in Otonabee Ward 1, Peterborough is $599,900.
Q.How many bedrooms and bathrooms does this property have?
This property features 5 bedrooms and 2 bathrooms across approximately 700-1100 sqft.
Q.What property type and architectural style is 508 Erskine Avenue, Peterborough, ON ?
508 Erskine Avenue, Peterborough, ON is a Detached (Bungalow) featuring a Apartment basement.
Q.What key property features does 508 Erskine Avenue, Peterborough, ON offer?
Key property features include: Hospital, Fenced Yard, Level, Library, Park, Public Transit.
Q.What interior features are included in this home?
Interior highlights include: Accessory Apartment, In-Law Suite, Other, Water Heater.
Q.What security features are installed at 508 Erskine Avenue, Peterborough, ON ?
Security features include: Carbon Monoxide Detectors, Other, Smoke Detector.
Q.Is parking available at this property?
Yes, this property offers parking space for 4.0 vehicles (None).
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 508 Erskine Avenue, Peterborough, ON K9J 5T4
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 $599,900 in Peterborough, the legal minimum down payment is $34,990 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 $8,473 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 $8,473.
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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.