553 Homewood Avenue, Peterborough, ON

$1,100,000
MLS#:X10390274
6 beds
3 baths
6.0 parking
Residential Freehold
553 Homewood Avenue, Peterborough, ON K9H 2N4
⚠️

Property no longer active

This property was sold on November 11, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2 1/2 Storey detached located in the coveted neighborhood of Town Ward 3. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,100,000 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.

  • 6 Bedrooms and 3 Bathrooms
  • Premium 55.5 x 150 ft lot size
  • Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Auto Garage Door Remote, Water Heater Owned
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Wow! This is one of the nicest century homes you will see, beautifully maintained and modernized. Located on one of the most desirable streets in the sought after Old West End - it's a 10! A must see. You will be impressed with the (recently re-built) grand front porch, the light filled rooms, beautiful original trim throughout, modern fresh decor, open concept kitchen and family room, high ceilings, large living/dining rooms, four bedrooms on the second floor, two bedrooms in the fully finished attic, three baths, hardwood floors, fireplace, and so much more. Beautifully landscaped 55 x 150 mature lot, plenty of parking, and a double car garage. A great walk everywhere neighbourhood. This home has been pre inspected.

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Property Summary

This detached home located at 553 Homewood Avenue, Peterborough is currently for sale and has been available on SousaSells for 643 days. This property is listed at $1,100,000 with an estimated mortgage of $3,661* per month. It has 6 beds, 3 bathrooms, and is unknown square feet. 553 Homewood Avenue, Peterborough is in the Town Ward 3 neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Yes! Featuring 6 bedrooms and 3 bathrooms, this home offers ample space and comfort for growing families in Town Ward 3, Peterborough.

Highly Recommended for Families
What We Love About This Home
  • 6 spacious bedroom layout offering versatile living space
  • 3 well-appointed bathrooms
  • Desirable Detached architecture in Town Ward 3, Peterborough
Standout Features & Layout
Who Should Buy This Home?

Growing families needing multi-bedroom flexibility and space in Town Ward 3, Peterborough.

Target Buyer Match

Key Features

Bedrooms
6
Bathrooms
3
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateNovember 11, 2024
Sold price information is available to members only
Listed Date11/1/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2 1/2 Storey
ConstructionBrick
BasementUnfinished
Lot Size55.5 × 150 Feet
CountyPeterborough
Annual Tax$8,360.24
Legal DescriptionLT 12 & PT LT 13 S HOMEWOOD AV, PL 65 AMENDED BY PL 79 AMENDED BY PL 88 PETERBOROUGH AS IN R582965; PETERBOROUGH

Parking & Garage

Parking Total6.0
Parking Space4
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

  • Fenced Yard
  • Golf
  • Hospital
  • Park
  • Place Of Worship
  • School

Interior Features

  • Auto Garage Door Remote
  • Water Heater Owned

Security Features

  • Carbon Monoxide Detectors
  • Smoke Detector

Community Features

None listed

Frequently Asked Questions about 553 Homewood Avenue, Peterborough, ON

Q.What is the asking price for 553 Homewood Avenue, Peterborough, ON ?

The current listing price for 553 Homewood Avenue, Peterborough, ON in Town Ward 3, Peterborough is $1,100,000.

Q.How many bedrooms and bathrooms does this property have?

This property features 6 bedrooms and 3 bathrooms.

Q.What property type and architectural style is 553 Homewood Avenue, Peterborough, ON ?

553 Homewood Avenue, Peterborough, ON is a Detached (2 1/2 Storey) featuring a Unfinished basement.

Q.What key property features does 553 Homewood Avenue, Peterborough, ON offer?

Key property features include: Fenced Yard, Golf, Hospital, Park, Place Of Worship, School.

Q.What interior features are included in this home?

Interior highlights include: Auto Garage Door Remote, Water Heater Owned.

Q.What security features are installed at 553 Homewood Avenue, Peterborough, ON ?

Security features include: Carbon Monoxide Detectors, Smoke Detector.

Q.Is parking available at this property?

Yes, this property offers parking space for 6.0 vehicles (Detached).

Q.What heating and cooling systems are installed?

Heating is provided via Gas and cooling via Central Air.

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Location

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553 Homewood Avenue, Peterborough, ON

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 553 Homewood Avenue, Peterborough, ON K9H 2N4

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Peterborough.

Configure Loan Settings

Interest Rate4.00%
Down Payment$330,000 (30.0%)
* Minimum Canadian down payment required for this price is $220,000.
Amortization Period30 Years
Estimated Monthly Payment$3,661Based on a loan of $770,000 over 30 years.
Purchase Price$1,100,000
Loan Amount$770,000
Provincial Land Transfer Tax:$18,475
Total Estimated Closing Taxes:$18,475

About Purchasing a Home in Peterborough, ON

For a property listed at $1,100,000 in Peterborough, the legal minimum down payment is $220,000 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 $18,475 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 $18,475.

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Town Ward 3, Peterborough Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Town Ward 3, Peterborough.

Verified Local Data
City Population128,624
City Median Age45.2 Yrs
City Ownership70% Owners
Avg Area List Price$718,153

People & Families

Age Distribution

Household Composition

One-person households
29%
Families with children
36%
Couples without children
32%
Other households
3%

Top Ethnic Origins

English33%
Irish30%
Scottish25%
Canadian17%

Best Schools in Town Ward 3, Peterborough

Elementary Schools

St Anne
Public240 Bellevue Street, Peterborough, Ontario, K9H 5E5
6.0
Queen Elizabeth
Public830 Barnardo Avenue, Peterborough, Ontario, K9J 5V9
5.9
Highland Heights
Public430 Highland Road, Peterborough, Ontario, K9H 5J7
4.6
Queen Mary
Public1445 Monaghan Road, Peterborough, Ontario, K9J 5M8
4.0
Immaculate Conception
Public76 Robinson Street, Peterborough, Ontario, K9H 1E8
5.9

Secondary Schools

Adam Scott
Public175 Langton Street, Peterborough, Ontario, K9H 6K3
5.3
Thomas A Stewart
Public1009 Armour Road, Peterborough, Ontario, K9H 7H2
4.5
St. Peter’s
CatholicPeterborough, Ontario
6.7

Town Ward 3, Peterborough Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied70%
Rented30%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.