599 Otonabee Dr

FOR SALE
$729,000
599 Otonabee Dr, Peterborough
599 Otonabee Dr
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3 + 2
BEDROOMS
2
BATHROOMS
1 + 1
KITCHENS
6 + 6
ROOMS
X9270844
MLSID
Contact Us
Property Description
Gorgeous Raised Bungalow with Excellent Rental Potential in Desirable Peterborough Neighborhood This beautifully maintained raised bungalow is located in a prime area of Peterborough, close to all amenities, public transit, schools, and shopping. The home features large windows that flood the entire home with natural light, enhancing its spacious and inviting atmosphere. The main floor boasts 3 bedrooms and 1 bathroom, great kitchen with SS Appliances, spacious dining room and a huge living room providing ample living space perfect for families or multiple tenants. The Main Floor has its own laundry. The walkout at the back further adds to the appeal of The basement level, which comes with 2 separate entrances, a complete second kitchen, 2 additional bedrooms, and 1 bathroom. This setup is ideal for extended family living or as a potential separate rental unit. The separate entrance to the basement ensures privacy and independence for tenants, making it an attractive option for those seeking a possible self-contained unit. The Basement Level also has its own Laundry. With these features, this property is an excellent opportunity for generating rental income, appealing to a wide range of renters including families, professionals, and students. Don't miss out on this fantastic investment opportunity!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2022-12-19 2022-12-30 11 $1,850 $1,850 Leased
Property Features
Place Of Worship, Public Transit, School, School Bus Route
Property Details
Community
Property Type
Detached, Bungalow-Raised
Approximate Sq.Ft.
1500-2000
Lot Size
55' x 100'
Fronting
East
Taxes
$4,362 (2024)
Basement
Fin W/O, Sep Entrance
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Pvt Double
Garage Type
None
Peterborough Market Statistics
Peterborough Price Trend
599 Otonabee Dr is a 3-bedroom 2-bathroom home listed for sale at $729,000, which is $153,522 (26.7%) higher than the average sold price of $575,478 in the last 30 days (August 21 - September 19). During the last 30 days the average sold price for a 3 bedroom home in Peterborough increased by $14,712 (2.6%) compared to the previous 30 day period (July 22 - August 20) and up $359,201 (166.1%) from the same time one year ago.
Inventory Change
There were 76 3-bedroom homes listed in Peterborough over the last 30 days (August 21 - September 19), which is up 10.1% compared with the previous 30 day period (July 22 - August 20) and up 52.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Peterborough typically sold ($5,851) (1.0%) below asking price over the last 30 days (August 21 - September 19), which represents a $9,923 increase compared to the previous 30 day period (July 22 - August 20) and ($4,256) less 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 3-bedroom homes in Peterborough over the last 30 days (August 21 - September 19) stood at 48.7%, down from 73.9% over the previous 30 days (July 22 - August 20) and down from 16,670.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Peterborough stood at 20 days when successfully sold over the last 30 days (August 21 - September 19), compared to 56 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Rouge River Realty Ltd.
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