647 Charlotte St
Monaghan, Peterborough, K9J 2X2
FOR SALE
$475,000
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Property Description
Right in the heart of Peterborough, this fantastic solid brick 1.5 storey gem boasts 3 bedrooms + Den on the upper and an unfinished 2-bd apartment on the lower level. Ideal for first-time buyers seeking privacy, charm and character with the beautiful hardwood floors throughout as well as convenience - the house is located near all amenities and it is just a stroll away from the Peterborough hospital. You will gain access to an additional long term income to pay you mortgage by renting out the lower apartment. Savvy investors will see incredible potential. The upper level can be rented now to a family of 4-5 people at $2,500-2,600. The lower 2 bedroom apartment can be rented when completed at $1800 bringing the annual rents potential to $51-52K. Imagine the property's long term earning potential! Consider the possibility of building a laneway house as well. With 4 parking spaces, a garage, paved driveway, and bonus space via a convenient laneway, this property is brimming with opportunity. Don't let this chance slip away. Seize it now!
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Extras
Furnace 2014, HWT new, basement renovation started with brand new framing, plumbing, and wiring - needs completion. Drawings are available.
Property Features
Hospital
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Approximate Sq.Ft.
1500-2000
Lot Size
37' x 130'
Lot Irregularities
Irregular
Fronting
South
Taxes
$3,952 (2023)
Basement
Part Fin
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 16.67' x 11.32' | |
| Dining | Main | 10.47' x 11.29' | |
| 2nd Br | Main | 10.70' x 9.68' | |
| Bathroom | Main | 7.32' x 5.48' | 4 Pc Bath |
| Prim Bdrm | Upper | 11.81' x 11.75' | |
| Den | Upper | 17.03' x 7.74' | |
| 3rd Br | Upper | 17.03' x 7.74' | |
| Utility | Bsmt | 5.41' x 7.32' | 4 Pc Bath |
| Kitchen | Main | 5.41' x 8.53' | |
| 4th Br | Bsmt | 9.84' x 12.01' |
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Peterborough Market Statistics
Peterborough Price Trend
647 Charlotte St is a 3-bedroom 1-bathroom home listed for sale at $475,000, which is $100,478 (17.5%) lower 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 1-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 Coldwell Banker Electric Realty
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