1033 Water Street

Introducing a remarkable opportunity to acquire a house for sale in Peterborough , located at 1033 Water Street, Peterborough. This detached, two-storey residence is situated in the desirable Northcrest Ward 5 community, making it an ideal investment for those looking to capitalise on the strong rental market, particularly given its proximity to Trent University. With a proven rental history and current tenants on a month-to-month basis, this property offers flexibility for new ownership, allowing for a seamless transition.

The house for sale in Peterborough boasts an impressive seven bedrooms, providing ample space for tenants or a large family. Each room is designed to maximise comfort and functionality, ensuring that the living environment is both inviting and practical. The layout includes two bathrooms, which is particularly advantageous for accommodating multiple residents. The main kitchen is spacious and well-equipped, perfect for preparing meals for a busy household. Although there is no additional kitchen or family room, the generous dining area and living room create a welcoming atmosphere for gatherings and everyday living.

Situated on a substantial lot measuring 66 by 165 feet, this house for sale in Peterborough features a large backyard that is perfect for leisure or relaxation. While there is no swimming pool or garage, the property provides ample parking space for up to five vehicles, which is a significant advantage in this area. The absence of a driveway is offset by the convenience of nearby public transport, with a bus stop located very close by, enhancing accessibility for tenants, particularly students who may rely on public transport for their daily commute.

The exterior of the property is clad in durable vinyl siding, ensuring low maintenance while maintaining an attractive appearance. Although the house does not feature air conditioning or a central vacuum system, it is equipped with forced air heating, ensuring warmth during the colder months. The unfinished full basement presents an opportunity for further development, allowing the new owner to customise the space to suit their needs or enhance the property’s value.

In terms of utilities, the house for sale in Peterborough is connected to municipal water and sewer systems, providing reliable services for its occupants. Internet connectivity is available, which is a crucial factor for many tenants, especially students who require reliable access for their studies.

This property is not just a house; it is a smart choice for building your investment portfolio. The combination of a strong rental history, a prime location near Trent University, and the spacious layout makes this house for sale in Peterborough a compelling opportunity. The panoramic views of the Otonabee River and surrounding parkland add to the charm of the property, making it an attractive living space for potential tenants.

In summary, 1033 Water Street, Peterborough, is a detached house that offers an exceptional investment opportunity in a thriving community. With its seven bedrooms, two bathrooms, and spacious kitchen and dining areas, this home is well-suited to meet the needs of a diverse range of tenants. The large backyard, ample parking, and convenient access to public transport further enhance its appeal. If you are looking for a house for sale in Peterborough that promises both comfort and investment potential, look no further than this remarkable property. Don’t miss out on the chance to secure this outstanding investment in the heart of Peterborough.

Northcrest Ward 5, nestled within the vibrant city of Peterborough, is a charming and diverse area characterised by its leafy streets, well-maintained parks, and a mix of residential options that cater to families, professionals, and retirees alike. The ward boasts convenient access to local amenities, including shops, schools, and recreational facilities, making it an ideal location for those seeking a balanced lifestyle. With a strong sense of community spirit and a variety of green spaces, Northcrest offers a welcoming environment where residents can enjoy both the tranquillity of suburban living and the benefits of urban proximity. Whether you're strolling through the neighbourhood or engaging in local events, Northcrest Ward 5 presents a delightful place to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a 1.1 km radius, you will find two elementary schools: St. Paul Catholic Elementary School and St. Anne Catholic Elementary School. Both schools offer a Catholic education, with St. Paul providing instruction in English for grades JK to 8, while St. Anne offers a French language program for the same grade levels. For secondary education, St. Peter Catholic Secondary School is situated approximately 3.2 km away, offering both English and French language options for grades 9 to 12. All schools are part of the Peterborough Victoria Northumberland and Clarington Catholic District School Board, ensuring a consistent educational framework. While the schools currently have a rating of 0, their proximity and variety of language programs provide valuable options for parents seeking a supportive learning environment for their children. With these educational facilities nearby, this property not only offers a comfortable living space but also access to quality education, making it a great investment for families looking to settle in the area.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 505 residents, with an average household size of 2.1 individuals. The community has a median age of 55.6 years, indicating a mature population. The average household income stands at $77,500, with 12% of the population classified as low-income. The real estate market reflects an average property price of $410,000, appealing to a diverse range of buyers. Notably, 53.76% of the population is single, while 22.73% of households include children, suggesting a mix of family structures. The area also has a significant immigrant presence, comprising 13.89% of the population. Renters make up 30.56% of the housing market, and 25% of the residences are condominiums, indicating a variety of living options. Education levels are relatively high, with 46.27% of residents holding a college or university degree. However, a substantial portion of the population, 40.3%, is not actively participating in the labor force. This demographic snapshot provides insight into the community's composition, economic status, and housing trends, making it an interesting area for potential buyers and investors.