581 Arndon Avenue, Peterborough, ON
Property Highlights
Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of Otonabee Ward 1. Expertly crafted featuring premium brick veneer and vinyl siding construction, this residence presents an exceptional opportunity offered at $499,900 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.
- 3 Bedrooms and 2 Bathrooms
- Generous living space spanning 700-1100 sqft on a premium 45.65 x 96.92 ft lot
- Features a full, partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available with a convenient carport configuration
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Charming Character Home with Exceptional Investment Potential!Welcome to this delightful 1.5-storey home, originally built in the 1950s and full of warmth, charm, and timeless character. Situated in a highly desirable neighbourhood in Peterborough, this well-located property offers an outstanding opportunity for families, investors, or those seeking multi-generational living.Featuring 3 spacious bedrooms and 2 bathrooms, this home provides a functional layout with plenty of natural light and inviting living spaces. The separate side entrance offers excellent potential for a future in-law suite or duplex conversion (subject to municipal approvals), making it an attractive option for income generation or extended family accommodation.Outside, you'll find a generous rear yard with ample space for entertaining, gardening, children, or pets, along with the convenience of a covered carport. The location is hard to beat-close to schools, shopping, public transit, parks, and everyday amenities, with easy access to Costco Wholesale and nearby educational institutions, making it particularly appealing for student housing opportunities.Whether you're looking for a family home, an investment property, or a residence with future development potential, this charming character home delivers outstanding value in one of Peterborough's most convenient locations.Highlights:* Charming 1950s-built character home* 1.5-storey design* 3 bedrooms, 2 bathrooms* Separate side entrance with duplex/in-law suite potential* Large private rear yard* Covered carport* Excellent family-friendly neighbourhood* Ideal for families, investors, or student rentals* Close to schools, shopping, transit, parks, and Costco* Strong income and future value-add potentialA rare opportunity to own a character-filled home with flexibility, location, and investment potential all in one package.
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Property Summary
This detached home located at 581 Arndon Avenue, Peterborough is currently for sale and has been available on SousaSells for 59 days. This property is listed at $499,900 with an estimated mortgage of $1,664* per month. It has 3 beds, 2 bathrooms, and is 700-1100 square feet. 581 Arndon Avenue, Peterborough is in the Otonabee Ward 1 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 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
- Other
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 581 Arndon Avenue, Peterborough, ON
Q.What is the asking price for 581 Arndon Avenue, Peterborough, ON ?
The current listing price for 581 Arndon Avenue, Peterborough, ON in Otonabee Ward 1, Peterborough is $499,900.
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 581 Arndon Avenue, Peterborough, ON ?
581 Arndon Avenue, Peterborough, ON is a Detached (1 1/2 Storey) featuring a Full, Partially Finished basement.
Q.What interior features are included in this home?
Interior highlights include: Other.
Q.Is parking available at this property?
Yes, this property offers parking space for 3.0 vehicles (Carport).
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 581 Arndon Avenue, Peterborough, ON K9J 4A9
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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 $499,900 in Peterborough, the legal minimum down payment is $24,995 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 $6,473 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 $6,473.
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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.