Townhouses For Sale In Peterborough

Explore Townhouses for Sale in Peterborough - Discover Homes That Check All the Right Boxes

Peterborough has earned quite a name for itself as one of the top spots for real estate investment, and for good reason. Over the past 10 years, average property prices in Peterborough have climbed by 139.49% (Peterborough Housing Market Trends - May 2026). In this housing market and even beyond, when it comes to picking one of the best property types for investing or settling down, townhouses usually end up being a top pick. A big reason many buyers gravitate towards Peterborough townhomes for sale is that "they are usually more affordable" - townhouses often come with a lower price tag than most other property types while still checking off many of the boxes people want in a home. Right now, the average listing price of a townhouse in Peterborough is $ 611,581 - and their average selling price is $ 555,731 .

• A big draw with townhomes for sale in Peterborough, Ontario, is the amount of space they usually bring to the table - a lot of townhouses come with multiple levels, spacious living areas, additional bedrooms, basements, garages, and sometimes even private backyards.
• In most townhouse setups, you usually share one or two walls with neighbours. Basically, in this housing type, you can enjoy a bit more breathing room compared to some other types.
• Condo townhouse communities often handle exterior maintenance jobs (snow removal, landscaping, and upkeep of common areas) on behalf of owners. Even with freehold townhouses, maintenance is not a major headache - the property itself is smaller and easier to take care of.

Now, if you are ready to book private showings or open houses and finally find your dream townhome in Peterborough, scroll above and take a look at the available listings - right now, there are 42 townhouses available in the Peterborough real estate market. And if you would like to dive into more details about the city itself and what buyers can expect from Peterborough, scroll down.

The City of Peterborough at a Glance - Important Things to Know

Peterborough is a mid-sized city in Central Ontario that stretches along the well-known Trent-Severn Waterway and is often called the "Gateway to the Kawarthas" - the city links urban Ontario with the popular cottage-country lake region. Peterborough sits right between Toronto and Ottawa, putting it within easy reach of major Ontario highways and markets.

➤ What Homes Cost - A Look at Average Property Prices

Home prices in Peterborough are usually far lower than what buyers often see in many of Ontario's biggest cities - especially places like Toronto, Mississauga, Vaughan, Markham, and Oakville. And honestly, that's one of the biggest reasons the city keeps catching the attention of buyers who want a more affordable place to call home in Ontario. Of course, home prices in Peterborough have gone up over the years - just like many other cities across the province. Still, compared to several parts of the GTA, the city continues to offer a better bang for your buck. Buyers are often able to get bigger homes, extra living space, and stronger overall value for the same amount of money they might spend in higher-priced parts of Ontario.

➤ Property Tax Rates - An Important Part of Owning a Home

Even though property prices in Peterborough are usually easier on the wallet than in many Ontario cities, property taxes do run a bit higher. This is something that's pretty common in smaller and mid-sized cities across the province - local governments often lean more heavily on property taxes to help pay for services, roadwork, infrastructure, and everyday community needs.

Residential property tax rate in Peterborough, Ontario -

1.769140 %

Source - WOWA

➤ Living Expenses - More Than Just Home Prices

Home prices are important, of course - but day-to-day living costs matter just as much when deciding where to put down roots in Ontario. Luckily, Peterborough is often seen as easier on the wallet compared to bigger cities like Toronto or Mississauga - here, residents often end up paying less than what people usually shell out in larger urban areas when it comes to -

• Groceries
• Restaurant bills
• Parking
• Entertainment
• Utilities
• And other living expenses

Peterborough's overall living expenses are 3% below the provincial average.

Source - AreaVibes

➤ Crime Levels - A Key Factor Many Buyers Look At

When it comes to safety and crime, Peterborough tends to fall somewhere in the middle compared to many other Ontario cities. Overall crime rates here are slightly higher than the national average, according to Statistics Canada - but that does not automatically mean the city is unsafe. In fact, several types of crimes - including violent crime and property crime - have historically remained lower than Ontario averages.

➤ Education and Learning - What Students and Families Can Expect

Families can pick from well-established schools across different neighbourhoods. Many of these schools are known for strong community involvement, along with good student support services. On the higher education side, Trent University is one of the city's biggest highlights and is well-known for its undergraduate programs, environmental studies, and student experience. Fleming College also offers career-focused programs in -

• Healthcare
• Business
• Technology
• Trades
• Environmental sciences

➤ The Job Market - What Helps Drive the Local Economy

Peterborough has a well-rounded local economy, which is definitely a good sign if you're thinking long-term and planning to put down roots in the city. Several industries play an important role in supporting the local economy here, including -

• Healthcare
• Education
• Retail
• Toursim
• Manufacturing
• Construction

The city of Peterborough has continued investing in infrastructure, transit, and employment areas to help attract more companies and job opportunities down the road. Over the years, Peterborough has also been making waves in newer industries -

• Cleantech
• Aerospace
• Innovation

➤ Travel Options - Roads, Transit, and Regional Connections

For day-to-day travel, most people rely on their cars, and one of the biggest perks of this commute option is that the roads are usually less congested in Peterborough. Getting from point A to point B often feels less like a headache and more like a smooth ride. Public transit is also part of the picture in Peterborough - Peterborough Transit operates bus routes throughout the city, connecting neighbourhoods with several places, such as -

• Shopping centres
• Schools
• Healthcare facilities
• Key destinations - Trent University, Fleming College, and more

Meanwhile, for those who regularly head outside the city, King's Highway - "115" - links Peterborough with the Greater Toronto Area. Not just that, there's also GO Transit bus service in Peterborough that provides connections to Oshawa - from there, travellers can hop on to GO trains and continue into Toronto.

➤ Healthcare Services - Clinics, Hospitals, and Everyday Medical Care

Healthcare is another box many people like to tick before choosing a place to call home - and Peterborough has plenty to offer in that department. The city is home to the Peterborough Regional Health Centre, one of the major healthcare hubs in the region. Here, residents can access a broad range of medical services instead of frequently heading to Toronto or other larger cities. On top of that, Peterborough also has family health clinics, walk-in clinics, diagnostic facilities, pharmacies, and specialist offices located throughout the city.

Neighbourhoods to Consider for Townhomes in Peterborough - Top Places to Start Your Search

Kawartha Heights

• This neighbourhood is in the west end - here, you will find a peaceful, laid-back atmosphere.
• Nearby schools include -
  • KH Public School
  • James Strath Public School
  • Crestwood Secondary School
• One of this neighbourhood's biggest advantages is its access to green spots - Jackson Park is nearby and is one of the most popular outdoor spaces.

East City

• This neighbourhood is directly across from downtown - it is one of the most well-known areas.
• Families in East City have access to Prince of Wales Public School and King Edward Public School.
• East City is just a stone's throw from Little Lake - the setting for popular events like Peterborough Musicfest. The area is also close to the renowned Lift Lock - one of the city's landmark attractions.

Northcrest

• This area is in the north end of Peterborough - here, quiet neighbourhood streets and everyday essentials go hand in hand.
• Among the neighbourhood's schools are -
  • Highland Heights Public School
  • Adam Scott Collegiate Vocational Institute
• Northcrest is home to the popular Riverview Park and Zoo - it is also surrounded by lots of parks and recreation spots.

Find a Property in Peterborough That Feels Like the Right Fit

So, if you have been searching for a place that brings together the charm of a smaller city, plenty of outdoor spaces, and home prices that are easier on the wallet than in many GTA cities, Peterborough might just tick all the right boxes. This city offers a welcoming suburban vibe in many neighbourhoods with trails, parks, playgrounds, recreation centres, and post-secondary institutions all close to home. In other words, Peterborough gives you a little bit of everything but without the big-city hustle and bustle. So, if you’re ready to make a townhouse for sale in Peterborough, Ontario, your new home, take a look at the available listings. However, if you would like to explore a few other property types before making your decision, check out houses for sale or condo apartments in Peterborough.