651 Chester St
Otonabee, Peterborough, K9J 3B8
FOR SALE
$578,000
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Property Description
Welcome to this spacious 4-bedroom bungalow, offering over 1,500 sq. ft. of main level living space, the largest home in the area. Nestled in the desirable south side of Peterborough, within the Otonabee community, this home is located at the end of a quiet street with fronting views of the beautiful Otonabee River, providing both tranquility and convenience. This well-maintained, empty home features two washrooms, a freshly painted interior, and brand-new vinyl flooring throughout. The kitchen has been fully upgraded with modern finishes, and new electrical light fixtures brighten the entire home. The partially finished basement comes with a separate entrance and a wet bar, with plumbing and drainage already in place offering an excellent investment opportunity to convert the property into two separate rental units. The property has been professionally cleaned, making it move-in ready for the new owners. Located just 5 minutes from Landsdowne Place, Costco Peterborough, Grocery Stores, and within close proximity to both Public and Catholic schools, this home combines peaceful riverside living with everyday convenience. Don't miss out on this rare opportunity!
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1500-2000
Lot Size
42' x 105'
Acreage
< .50
Fronting
West
Taxes
$3,998 (2024)
Basement
Part Fin, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 11.12' x 9.61' | |
| Living | Main | 20.47' x 13.39' | |
| Br | Main | 11.55' x 14.60' | |
| 2nd Br | Main | 11.45' x 14.60' | |
| 3rd Br | Main | 9.78' x 10.93' | |
| 4th Br | Main | 9.61' x 9.91' | |
| Bathroom | Main | 5.45' x 9.61' |
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Peterborough Market Statistics
Peterborough Price Trend
651 Chester St is a 4-bedroom 2-bathroom home listed for sale at $578,000, which is $69,600 (10.7%) lower than the average sold price of $647,600 in the last 30 days (October 27 - November 25). During the last 30 days the average sold price for a 4 bedroom home in Peterborough declined by $22,898 (3.4%) compared to the previous 30 day period (September 27 - October 26) and up $12,400 (2.0%) from the same time one year ago.Inventory Change
There were 9 4-bedroom homes listed in Peterborough over the last 30 days (October 27 - November 25), which is down 67.9% compared with the previous 30 day period (September 27 - October 26) and down 57.1% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Peterborough typically sold ($18,159) (2.8%) below asking price over the last 30 days (October 27 - November 25), which represents a $7,613 decrease compared to the previous 30 day period (September 27 - October 26) and ($10,740) 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 4-bedroom homes in Peterborough over the last 30 days (October 27 - November 25) stood at 166.7%, up from 32.1% over the previous 30 days (September 27 - October 26) and up from 23.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Peterborough stood at 50 days when successfully sold over the last 30 days (October 27 - November 25), compared to 68 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Realtron Realty Inc.
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