551 Spruce Avenue, Peterborough, ON

$529,900
MLS#:X9030529
3 beds
2 baths
700-1100 sqft
3.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Bungalow"] detached located in the coveted neighborhood of Otonabee Ward 1. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $529,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 700-1100 sqft on a premium 48 x 101.5 ft lot
  • Features a ["full", "finished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available
  • Notable attributes: Other
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

Welcome to this charming brick bungalow, where hardwood floors and natural light greet you as you enter the bright living room featuring large windows. Walk on to discover 2 bedrooms, a full bathroom, a centrally located kitchen, and a generous rear addition offering expanded square footage & bonus living space on the main floor. The finished basement provides additional versatility with another full bathroom, a fantastic office, and a useful rec room. Separate laundry area offers great storage space. Forced air heating system and central air conditioning enhance this homes functionality and comfort year-round. Recent updates include newer roof. Step outside to enjoy the private backyard adorned with low-maintenance perennial butterfly gardens- ideal for quiet relaxation or hosting gatherings of family and friends. Two garden sheds add practical storage space outdoors. This property also features a large carport with a covered secondary entrance to the home, ensuring convenience in all weather conditions. Perfectly positioned in a quiet neighborhood in the south end, within walking distance to a boat launch, close to shopping and all amenities. Well-maintained, with a recent home inspection available, this beautiful home is ready for you to move-in and enjoy!

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Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 16, 2024
Sold price information is available to members only
Listed Date7/10/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionBrick
Lot Size48 × 101.5 Feet
CountyPeterborough
Annual Tax$3,568.8
Legal DescriptionLT 29 PL 185 PETERBOROUGH CITY

Parking & Garage

Parking Spaces3.0
Garage Spaces3
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Community Features

Location

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551 Spruce Avenue, Peterborough, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 551 Spruce Avenue, Peterborough, ON K9J 5A4

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$423,920
Monthly Mortgage$2,463
Property Tax (Est.)$297
Utilities & Maint.$350
Total Monthly Cost$3,110

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Peterborough.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Otonabee Ward 1, Peterborough.

Verified Local Data
City Population128,624
City Median Age45.2 Yrs
City Ownership70% Owners
Avg Area List Price$568,024

People & Families

Age Distribution

Household Composition

One-person households
29%
Families with children
36%
Couples without children
32%
Other households
3%

Top Ethnic Origins

English33%
Irish30%
Scottish25%
Canadian17%

Local Schools Guide

Elementary Schools

St Alphonsus
Public875 St. Mary's Street, Peterborough, Ontario, K9J 4H7
3.9
Keith Wightman
Public860 St. Mary's Street, Peterborough, Ontario, K9J 4H6
3.8
Roger Neilson
Public550 Erskine Avenue, Peterborough, Ontario, K9J 5T4
4.9
St John
Public746 Park Street South, Peterborough, Ontario, K9J 3T4
4.2
Prince of Wales
Public1211 Monaghan Road, Peterborough, Ontario, K9J 5L4
4.1

Secondary Schools

Kenner
Public633 Howden Street, Peterborough, Ontario, K9J 5J2
5.0
St. Peter’s
CatholicPeterborough, Ontario
6.7
Holy Cross
Public1355 Lansdowne Street West, Peterborough, Ontario, K9J 7M3
6.1

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied70%
Rented30%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.