583 Reid Street, Peterborough, ON
Property no longer active
This property was sold on June 3, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Town Ward 3. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $459,900 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 40 x 114.16 ft lot
- Features a apartment, walk-up basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Carpet Free, Floor Drain, In-Law Suite
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 583 Reid Street a beautifully updated all-brick bungalow in the heart of Peterborough, offering style, space, and flexibility for a variety of lifestyles. This home has been completely renovated top to bottom, inside and out, and is ready for you to move in and enjoy. The main floor features a bright, open-concept layout with a beautiful updated kitchen 2 generously sized bedrooms and a full bathroom. The updated kitchen flows nicely into the living area, making it the perfect spot to relax or entertain. Downstairs, the fully finished lower level almost doubles your living space, offering 3 additional bedrooms, a second kitchen, and a 3-piece bathroom ideal for a growing family, multigenerational living, or a private guest suite. Whether you need space for teens, in-laws, visitors, or a home office, this flexible layout makes it easy to tailor the space to your needs. The thoughtful renovations throughout bring peace of mind while preserving the home's solid brick charm. Outside, you'll find a spacious deck and fenced backyard that's great for kids, pets, or hosting summer BBQs. A large mature tree offers natural shade, and the storage shed provides room for tools and outdoor gear. Located just steps from downtown shops, restaurants, and amenities, and conveniently across the street from a public transit stop, this home makes day-to-day life easy and walkable. Whether you're commuting, downsizing, upsizing, or simply looking for a move-in-ready home in a great location, 583 Reid Street delivers. This is a rare turnkey opportunity in a vibrant central neighborhood don't miss your chance to call it home or add to your investment portfolio!
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Property Summary
This detached home located at 583 Reid Street, Peterborough is currently for sale and has been available on SousaSells for 440 days. This property is listed at $459,900 with an estimated mortgage of $1,531* per month. It has 5 beds, 2 bathrooms, and is 700-1100 square feet. 583 Reid Street, Peterborough is in the Town Ward 3 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 Town Ward 3, 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 Town Ward 3, Peterborough.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Fenced Yard
- Hospital
- Library
- Place Of Worship
- Public Transit
- School Bus Route
Interior Features
- Carpet Free
- Floor Drain
- In-Law Suite
- Storage
- Ventilation System
- Water Heater
- Water Meter
Security Features
- Alarm System
- Carbon Monoxide Detectors
- Smoke Detector
Community Features
None listed
Frequently Asked Questions about 583 Reid Street, Peterborough, ON
Q.What is the asking price for 583 Reid Street, Peterborough, ON ?
The current listing price for 583 Reid Street, Peterborough, ON in Town Ward 3, Peterborough is $459,900.
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 583 Reid Street, Peterborough, ON ?
583 Reid Street, Peterborough, ON is a Detached (Bungalow-Raised) featuring a Apartment, Walk-Up basement.
Q.What key property features does 583 Reid Street, Peterborough, ON offer?
Key property features include: Fenced Yard, Hospital, Library, Place Of Worship, Public Transit, School Bus Route.
Q.What interior features are included in this home?
Interior highlights include: Carpet Free, Floor Drain, In-Law Suite, Storage, Ventilation System, Water Heater, Water Meter.
Q.What security features are installed at 583 Reid Street, Peterborough, ON ?
Security features include: Alarm System, Carbon Monoxide Detectors, 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 583 Reid Street, Peterborough, ON K9H 4H2
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About Purchasing a Home in Peterborough, ON
For a property listed at $459,900 in Peterborough, the legal minimum down payment is $22,995 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 $5,673 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 $5,673.
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