622 Harold Dr
Otonabee, Peterborough, K9J 3Y1
FOR SALE
$588,800
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3 + 1
BEDROOMS2
BATHROOMS1 + 1
KITCHENS6 + 4
ROOMSX12018119
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Property Description
CASH FLOW today and unlock future potential with this Turnkey Investment Opportunity in Booming Peterborough. Recently updated, Legal 2-Unit features a BONUS 622 sq ft Detached Garage (ADU/Garden Suite potential?) The spacious Upper Unit showcases 3 well-appointed bedrooms, updated kitchen & bath plus private laundry. Downstairs is a freshly painted, roomy, studio apartment with separate entrance and additional laundry. The detached garage is a dream space for car enthusiasts or woodworkers, complete with wood stove, air compressor, vac system, and crane. Family-friendly neighborhood, a short walk to parks and amenities. Minutes to Costco, Hwy 7, and Hwy 115. Hassle-Free Investment: Great tenants already in place with professional property management happy to stay on. Don't miss out on this fantastic opportunity with multiple income streams!
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Property Features
Hospital, Library, Place Of Worship, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
60' x 95'
Lot Irregularities
Irreg. lot narrows to 48' at rear
Fronting
North
Taxes
$3,973 (2024)
Basement
Apartment, Walk-Up
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 12.07' x 13.91' | Hardwood Floor, Large Window |
| Dining | Main | 8.23' x 11.91' | Hardwood Floor |
| Kitchen | Main | 8.23' x 8.56' | Ceramic Floor, Granite Counter, Backsplash |
| Prim Bdrm | Main | 9.71' x 15.06' | Hardwood Floor, Ceiling Fan, Closet |
| 2nd Br | Main | 7.91' x 11.45' | Hardwood Floor, Closet |
| 3rd Br | Main | 9.32' x 10.73' | Hardwood Floor, Combined W/Laundry |
| Living | Bsmt | 12.66' x 29.07' | Ceramic Floor, Combined W/Master, Gas Fireplace |
| Prim Bdrm | Bsmt | 12.66' x 29.07' | Ceramic Floor, Combined W/Living, Floor/Ceil Fireplace |
| Kitchen | Bsmt | 10.01' x 10.01' | Ceramic Floor, Backsplash, Eat-In Kitchen |
| Laundry | Bsmt | 6.82' x 7.91' | Ceramic Floor |
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Peterborough Market Statistics
Peterborough Price Trend
622 Harold Dr is a 3-bedroom 2-bathroom home listed for sale at $588,800, which is $24,179 (4.3%) higher than the average sold price of $564,621 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in Peterborough declined by $32,526 (5.4%) compared to the previous 30 day period (December 22 - January 20) and down $54,361 (8.8%) from the same time one year ago.Inventory Change
There were 51 3-bedroom homes listed in Peterborough over the last 30 days (January 21 - February 19), which is up 168.4% compared with the previous 30 day period (December 22 - January 20) and up 75.9% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Peterborough typically sold ($8,683) (1.5%) below asking price over the last 30 days (January 21 - February 19), which represents a $9,346 increase compared to the previous 30 day period (December 22 - January 20) and ($14,980) 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 3-bedroom homes in Peterborough over the last 30 days (January 21 - February 19) stood at 72.5%, down from 121.1% over the previous 30 days (December 22 - January 20) and down from 155.2% 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 34 days when successfully sold over the last 30 days (January 21 - February 19), compared to 31 days before being removed from the market upon being suspended or terminated.Listing contracted with Our Neighbourhood Realty Inc.
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