583 Reid Street, Peterborough, ON

$459,900
MLS#:X12169210
5 beds
2 baths
700-1100 sqft
4.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Bungalow-Raised"] detached located in the coveted neighborhood of Town Ward 3. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $459,900 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.

  • 5 Bedrooms and 2 Bathrooms with 2 functional kitchens
  • Generous living space spanning 700-1100 sqft on a premium 40 x 114.16 ft lot
  • Features a ["apartment", "walk-up"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: Carpet Free, Floor Drain, In-Law Suite
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

Welcome to 583 Reid Street a beautifully updated all-brick bungalow in the heart of Peterborough, offering style, space, and flexibility for a variety of lifestyles. This home has been completely renovated top to bottom, inside and out, and is ready for you to move in and enjoy. The main floor features a bright, open-concept layout with a beautiful updated kitchen 2 generously sized bedrooms and a full bathroom. The updated kitchen flows nicely into the living area, making it the perfect spot to relax or entertain. Downstairs, the fully finished lower level almost doubles your living space, offering 3 additional bedrooms, a second kitchen, and a 3-piece bathroom ideal for a growing family, multigenerational living, or a private guest suite. Whether you need space for teens, in-laws, visitors, or a home office, this flexible layout makes it easy to tailor the space to your needs. The thoughtful renovations throughout bring peace of mind while preserving the home's solid brick charm. Outside, you'll find a spacious deck and fenced backyard that's great for kids, pets, or hosting summer BBQs. A large mature tree offers natural shade, and the storage shed provides room for tools and outdoor gear. Located just steps from downtown shops, restaurants, and amenities, and conveniently across the street from a public transit stop, this home makes day-to-day life easy and walkable. Whether you're commuting, downsizing, upsizing, or simply looking for a move-in-ready home in a great location, 583 Reid Street delivers. This is a rare turnkey opportunity in a vibrant central neighborhood don't miss your chance to call it home or add to your investment portfolio!

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Key Features

Bedrooms
5
Bathrooms
2
Kitchens
2
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJune 3, 2025
Sold price information is available to members only
Listed Date5/23/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionBrick
Lot Size40 × 114.16 Feet
CountyPeterborough
Annual Tax$3,238
Legal DescriptionPT LT 16 S OF DUBLIN ST & W OF GEORGE ST PL 1 TOWN OF PETERBOROUGH AS IN R227952; T/W R227952; PETERBOROUGH CITY

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeNone

Heating & Cooling

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

Features

Property Features

Fenced Yard, Hospital, Library, Place Of Worship, Public Transit, School Bus Route

Community Features

Location

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583 Reid Street, Peterborough, ON
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Property History

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This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 583 Reid Street, Peterborough, ON K9H 4H2

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.

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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.
Financial Audit

Estimated Costs

Loan Amount$367,920
Monthly Mortgage$2,138
Property Tax (Est.)$270
Utilities & Maint.$350
Total Monthly Cost$2,758

Strategic Fiscal Clarity

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