1818 Cherryhill Rd 501
Monaghan, Peterborough, K9K 1S6
FOR SALE
$649,000
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Property Description
Step into luxury. One of only eight penthouses at prestigious Summit Place in Peterborough's west end. Incredibly priced $200,000 below the most recent penthouse sale, presenting a unique opportunity allowing the next owner plenty of potential for personal customizations. Live in style in this expansive 2,230 sq ft residence, perfect for entertaining. The inviting open-concept great room is enhanced by soaring 24ft cathedral ceilings and views of the adjacent maple forest, which is also an ideal spot for pet walking. Pets are welcomed in the building. The solarium, turret room, opens to expansive 36-ft & 14-ft balconies. The versatile loft with ensuite bath, cozy fireplace & secluded treetop terrace can serve as a your personal sanctuary, master retreat, or luxurious games room. Plus two main floor bedrooms with tree top forest views. Adjacent bath with walk in shower. Enclosed u-shape kitchen with work triangle designed for those who appreciate the privacy it provides while entertaining. Hardwood floors. Dedicated laundry room & in suite storage. Building amenities include secure foyer with intercom system, a large, gracious foyer, two elevators, mail room, library/special events room, mezzanine storage, secure underground parking complete with bike storage, cold car wash and a workshop equipped for various projects. This beautifully manicured property features a private outdoor heated pool, cabana, BBQ area creating a resort-like atmosphere. One of Peterborough's best built & maintained condos. Less than 10 minutes to Peterborough Regional Health Centre. Shopping amenities, Fleming Wellness Centre & Mapleridge Recreation Centre are walking distance. Golf & Peterborough Marina minutes away.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2013-07-11 | 2013-08-06 | 26 | $379,000 | $370,000 | Sold |
| 2013-04-11 | 2013-07-08 | 91 | $399,000 | - | Expired |
| 2012-01-30 | 2012-09-30 | 243 | $399,900 | - | Expired |
| 2012-10-04 | 2013-03-31 | 179 | $399,900 | - | Expired |
| 2005-04-18 | 2005-08-03 | 107 | $369,900 | $365,000 | Sold |
| 2002-07-09 | 2002-07-15 | 11 | $219,900 | $212,000 | Sold |
Property Features
Golf, Hospital, Park, Place Of Worship, Public Transit, Rec Centre
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
2000-2249
Taxes
$6,295 (2024)
Basement
None
Exterior
Alum Siding, Stucco/Plaster
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Other
Air Conditioning
Central Air
Elevator
Yes
Parking Spaces
1
Parking 1
Exclusive (A)
Parking 2
Common (A)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Foyer | Main | 10.86' x 6.07' | Skylight, Cathedral Ceiling |
| Great Rm | Main | 41.70' x 22.28' | Vaulted Ceiling, Hardwood Floor, Clerestory |
| Kitchen | Main | 13.29' x 11.06' | B/I Appliances |
| Prim Bdrm | Main | 14.27' x 13.42' | W/O To Balcony |
| Br | Main | 17.42' x 12.40' | Combined W/Office |
| Den | Main | 12.93' x 16.01' | Combined W/Solarium, W/O To Balcony |
| Other | Main | 4.46' x 13.78' | Balcony |
| Other | Main | 6.53' x 36.29' | Balcony, North View, O/Looks Park |
| Laundry | Main | 7.38' x 6.33' | |
| Bathroom | Main | 7.78' x 9.61' | 3 Pc Bath |
| Br | Upper | 17.09' x 32.09' | Combined W/Family, Fireplace, 4 Pc Ensuite |
| Bathroom | Upper | 9.22' x 6.82' | 4 Pc Ensuite, Soaker, Clerestory |
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Peterborough Market Statistics
Peterborough Price Trend
1818 Cherryhill Rd 501 is a 2-bedroom 2-bathroom condo listed for sale at $649,000, which is $111,500 (20.7%) higher than the average sold price of $537,500 in the last 30 days (January 19 - February 17). During the last 30 days the average sold price for a 2 bedroom condo in Peterborough increased by $47,500 (9.7%) compared to the previous 30 day period (December 20 - January 18) and up $3,517 (0.7%) from the same time one year ago.Inventory Change
There were 11 2-bedroom condos listed in Peterborough over the last 30 days (January 19 - February 17), which is up 120.0% compared with the previous 30 day period (December 20 - January 18) and up 83.3% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Peterborough typically sold ($8,250) (1.5%) below asking price over the last 30 days (January 19 - February 17), which represents a $7,674 increase compared to the previous 30 day period (December 20 - January 18) and ($11,633) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom condos in Peterborough over the last 30 days (January 19 - February 17) stood at 54.5%, down from 80.0% over the previous 30 days (December 20 - January 18) and down from 100.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in Peterborough stood at 39 days when successfully sold over the last 30 days (January 19 - February 17), compared to 68 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Proalliance Realty
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