641 Reid Street

Introducing a remarkable opportunity to acquire a stunning house for sale in Peterborough , located at 641 Reid Street, Peterborough. This exceptional detached residence, boasting a distinctive 1 1/2 storey design, is nestled in the vibrant Town Ward 3 community. With six generously proportioned bedrooms and two well-appointed bathrooms, this property is perfect for a growing family or as an investment for those seeking a lucrative rental opportunity.

641 Reid Street, Peterborough, is situated on a substantial corner lot measuring 33 X 117 feet, providing ample outdoor space for recreation and relaxation. The property features a newly installed fence, ensuring privacy for residents while offering parking for up to four vehicles—an incredibly rare find in this desirable neighbourhood. This house for sale in Peterborough is not only a home but a haven for those who appreciate both space and convenience.

As you step inside, you will be greeted by a thoughtfully updated interior that combines modern aesthetics with functional living. The house for sale in Peterborough showcases luxury vinyl plank flooring throughout, creating a seamless flow from room to room. The main kitchen is a chef's delight, featuring contemporary quartz countertops and built-in speakers, perfect for entertaining family and friends. The open-concept design enhances the living experience, making it ideal for gatherings and daily family life.

The staircase, recently renovated in 2024, adds a touch of elegance to the home, leading you to the upper level where the laundry facilities are conveniently located. Each of the six bedrooms is spacious and well-lit, offering a comfortable retreat for tenants or family members alike. Currently operating as a legal student rental, this property generates an impressive income of £4,300 per month, ensuring positive cash flow from the outset. This makes the house for sale in Peterborough an excellent investment opportunity for those looking to enter the rental market.

Recent improvements have significantly enhanced the property’s appeal, including new siding installed in 2024, a newly constructed fence, and fresh paint throughout, all completed in 2023. The kitchen has also been upgraded with stylish quartz countertops and pot lights, providing a modern touch that complements the home’s character. The porch, added in 2022, offers a welcoming entrance, while the furnace, replaced in 2017, and the roof, approximately 12 years old, ensure that the home is both functional and reliable.

Although the house does not feature air conditioning, a central vacuum system, or a family room, it compensates with its generous living space and modern amenities. The unfinished basement presents an opportunity for further development, allowing new owners to customise the space to their liking. The property is connected to municipal water and sewer services, ensuring convenience and reliability.

641 Reid Street, Peterborough, is not just a house; it is a lifestyle choice, offering the perfect blend of charm and modern living. Whether you are seeking a move-in-ready investment or a character-filled family home, this house for sale in Peterborough is sure to impress. With no additional land or garage space, the focus remains on the spacious interior and outdoor areas, making it ideal for those who appreciate simplicity and functionality.

Offers are welcome at any time, so do not miss out on this incredible opportunity to own a piece of Peterborough’s rich history. With its prime location, modern upgrades, and significant income potential, 641 Reid Street, Peterborough, is poised to be the perfect investment for discerning buyers. Seize the chance to make this house your home or investment today!

Town Ward 3, nestled within the vibrant city of Peterborough, offers a unique blend of urban convenience and green spaces, making it an attractive area for potential residents. This geographic entity is characterised by its diverse housing options, ranging from charming period homes to modern developments, catering to a variety of lifestyles. Residents enjoy easy access to local amenities, including shops, schools, and parks, fostering a sense of connectivity and convenience. The ward is well-served by public transport, ensuring that the wider city and surrounding areas are easily reachable. With its welcoming atmosphere and a rich tapestry of community life, Town Ward 3 presents an appealing option for those looking to settle in a lively yet comfortable environment.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within just 1.0 km, you will find St. Anne Catholic Elementary School, which offers both English and French language instruction for grades JK to 8. For secondary education, St. Peter Catholic Secondary School is located approximately 1.4 km away, providing a Catholic curriculum in both English and French for grades 9 to 12. Both schools are part of the Peterborough Victoria Northumberland and Clarington Catholic District School Board, ensuring a consistent educational framework. While the school ratings are currently not available, the proximity to these institutions highlights the property’s appeal to families seeking quality education options for their children. The community is enriched by these educational facilities, fostering a supportive environment for learning and growth. Overall, this location offers excellent access to essential schooling, making it a prime choice for prospective buyers with school-aged children.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, diverse community with a population of 510 residents. The average household size is 2.1, indicating a mix of single individuals and families, with 59.3% of the population being single and 34.78% of households containing children. The average age of residents is 35.8 years, suggesting a relatively young population. Economically, the average household income stands at $68,500, although 18.4% of the population is classified as low-income. The real estate market reflects an average home price of $390,000, with 66% of residents renting their homes and only 4% living in condominiums. Educational attainment is notable, with 54.12% of residents holding a college or university degree. Additionally, 31.76% of the population is not in the labor force, and the area has a small immigrant presence at 3.03%. Overall, this community is characterized by a blend of young professionals and families, a significant proportion of renters, and a strong emphasis on education, making it an attractive location for potential buyers and investors.