655 George Street N

Introducing a remarkable house for sale in Peterborough , located at 655 George Street N, Peterborough. This detached two-storey residence is an exceptional opportunity for investors, particularly those interested in the student rental market. Nestled in the vibrant community of Town Ward 3, this property boasts an enviable location, just a stone's throw away from public transport, shopping facilities, restaurants, and all essential amenities.

As you approach this charming home, you'll notice the appealing vinyl siding that gives it a modern yet welcoming appearance. The property spans a generous lot of 25 x 115 feet, providing ample outdoor space for potential tenants or family gatherings. The driveway allows for front yard parking, accommodating up to two vehicles, which is a significant advantage in this bustling area.

Upon entering the house for sale in Peterborough, you are greeted by a bright and airy atmosphere. The main level features a well-appointed eat-in kitchen, perfect for communal dining or casual meals. This kitchen is complemented by a dining room that offers a convenient walkout to the backyard, creating a seamless indoor-outdoor flow ideal for entertaining or enjoying a quiet evening.

This property comprises a total of seven rooms, including four spacious bedrooms, each thoughtfully fitted with individual locks to facilitate easy renting. This feature is particularly beneficial for those looking to maximise rental income, as it allows for multiple tenants to reside comfortably within the home. The absence of a den provides a more open layout, allowing for flexible use of space.

The house for sale in Peterborough includes two bathrooms, ensuring that tenants have ample facilities to accommodate their needs. While the property does not feature a central vacuum system, a fireplace, or air conditioning, it is equipped with a forced air heating system that provides warmth during the colder months. The unfinished basement presents an opportunity for further development, allowing potential buyers to customise the space according to their preferences or to increase the property's value.

This home is unfurnished, allowing new owners to personalise the interior to their taste. The absence of a pool may be seen as a positive aspect for those seeking a low-maintenance investment property. The property is connected to municipal water and sewer systems, ensuring reliable services for future occupants.

Recent updates to the house for sale in Peterborough include a new roof installed in 2021 and electrical upgrades completed in 2017. These improvements not only enhance the property's appeal but also provide peace of mind to potential investors, knowing that significant maintenance issues have been addressed.

The location of 655 George Street N, Peterborough, cannot be overstated. The property is situated in a high-demand area, making it a low-maintenance investment with a strong rental history. This is an ideal opportunity for seasoned investors or those new to the student rental market, as the property is perfectly positioned to attract tenants looking for convenience and accessibility.

In summary, this charming house for sale in Peterborough at 655 George Street N, Peterborough, is a prime investment opportunity. With its strategic location, spacious layout, and recent updates, it is well-suited for the student rental market or as a family home. Don't miss your chance to acquire this exceptional property in a thriving community. Whether you are an experienced investor or just starting, this house offers a wealth of potential. Make 655 George Street N, Peterborough, your next investment today!

Town Ward 3 in Peterborough is a vibrant and diverse area that offers a unique blend of urban convenience and suburban charm. Nestled within the city, it boasts a variety of amenities including local shops, parks, and recreational facilities, making it an ideal location for families and individuals alike. The ward is well-connected by public transport, providing easy access to the city centre and surrounding areas. With its friendly atmosphere and a strong sense of local identity, Town Ward 3 is a welcoming place for newcomers, offering a range of housing options and a community spirit that encourages engagement and participation in local events. Whether you enjoy quiet walks in green spaces or the buzz of local markets, this area has something to offer everyone.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a 1.0 km radius, you will find St. Anne Catholic Elementary School, which offers both English and French language instruction for grades JK to 8. This school is part of the Peterborough Victoria Northumberland and Clarington Catholic District School Board, ensuring a strong educational framework. Additionally, St. Peter Catholic Secondary School is situated just 2.0 km away, providing a comprehensive secondary education in both English and French for grades 9 to 12. Like St. Anne, St. Peter is also governed by the same reputable school board. While the schools currently do not have a rating available, their Catholic affiliation and proximity to the property suggest a nurturing and community-focused environment. This combination of accessible elementary and secondary education options enhances the appeal of the property, making it a great choice for those prioritizing education in their home search. With a focus on both English and French language studies, families can choose the best fit for their children's educational needs.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 502 residents, with an average household size of 1.8. The community has a median age of 38 years, indicating a relatively young population. The average household income stands at $47,200, with 28% of the residents classified as low-income. Housing prices in the area average around $380,000, and a significant majority of the population, 69.15%, is single. Households with children represent 23.53% of the total, while renters make up a substantial 75.93%, suggesting a strong rental market. Notably, there are no condominiums in the area, which may influence housing options. The community is also characterized by a relatively high level of education, with 47.73% of residents holding a college or university degree. However, a considerable portion of the population, 45.45%, is not in the labor force, indicating potential economic challenges. Additionally, the immigrant population is modest at 3.23%, reflecting a predominantly local demographic. Overall, this area presents a unique blend of characteristics that may appeal to specific buyer profiles, particularly those seeking rental opportunities or a community with a youthful demographic.