554 Monaghan Road, Peterborough, ON
Property no longer active
This property was sold on December 19, 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 $489,000 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 2 Bathrooms
- Generous living space spanning 700-1100 sqft on a premium 50 x 101.5 ft lot
- Features a finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Storage
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 554 Monaghan Rd A Charming Bungalow in a Prime Location! This nicely updated 2+1 bedroom, 2 bathroom bungalow offers comfortable living with thoughtful finishes and a fully finished basement. Perfect for first-time buyers, downsizers, or investors, this home combines classic charm with modern convenience. The main floor features two bedrooms, a 4-piece bathroom, and a functional layout that flows seamlessly from the cozy living room to the dining area and into the updated kitchen. Enjoy morning coffee or evening relaxation in the bright 3-season enclosed sunroom, adding valuable living space. Downstairs, the fully finished basement offers a generous rec room, an additional bedroom, 3-piece bathroom, a dedicated laundry room, and ample storage ideal for guests, a home office, or extended family. Outside, you'll find a detached 1-car garage and a well-maintained yard perfect for outdoor entertaining or gardening. Located just minutes from shopping, dining, the Otonabee River, and with quick access to Highway 115, this home offers the perfect blend of comfort, convenience, and lifestyle. Don't miss your chance to make this lovely home yours schedule a private showing today!
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Property Summary
This detached home located at 554 Monaghan Road, Peterborough is currently for sale and has been available on SousaSells for 309 days. This property is listed at $489,000 with an estimated mortgage of $1,628* per month. It has 3 beds, 2 bathrooms, and is 700-1100 square feet. 554 Monaghan Road, 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 3 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Otonabee Ward 1, 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
None listed
Interior Features
- Storage
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 554 Monaghan Road, Peterborough, ON
Q.What is the asking price for 554 Monaghan Road, Peterborough, ON ?
The current listing price for 554 Monaghan Road, Peterborough, ON in Otonabee Ward 1, Peterborough is $489,000.
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 554 Monaghan Road, Peterborough, ON ?
554 Monaghan Road, Peterborough, ON is a Detached (Bungalow) featuring a Finished, Full basement.
Q.What interior features are included in this home?
Interior highlights include: Storage.
Q.Is parking available at this property?
Yes, this property offers parking space for 5.0 vehicles (Detached).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Pricing & Value Insights
Data-driven valuation for 554 Monaghan Road, Peterborough, ON K9J 5H7
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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 $489,000 in Peterborough, the legal minimum down payment is $24,450 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 $6,255 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 $6,255.
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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.