707 Otonabee Drive

Welcome to the charming **house for sale in Peterborough ** at 707 Otonabee Drive, a delightful solid brick bungalow that presents an excellent opportunity for buyers keen on adding their personal touch through some cosmetic updates. Nestled in the lovely Ashburnham Ward 4 community, this home is set on a generous lot measuring 51 by 124 feet, boasting a large, private backyard that’s perfect for family gatherings or simply enjoying a quiet afternoon in the sun.

As you approach the property, you’ll notice the well-maintained exterior and the convenience of a paved laneway leading to a detached garage, which offers space for one vehicle. The home is equipped with a separate side entrance, making it ideal for those considering the possibility of a future in-law suite or secondary living space—of course, buyers will need to verify permitted uses. This **house for sale in Peterborough** truly has potential written all over it!

Inside, the main floor provides approximately 943 square feet of functional living space, featuring three comfortable bedrooms and two bathrooms. The layout is bright and practical, with hardwood flooring throughout that adds a touch of warmth and character. Although the house is currently unfurnished, it offers a strong foundation for modernisation, allowing you to create the home of your dreams while preserving the durability of a well-built structure.

The heart of the home is undoubtedly the main kitchen, which is perfectly positioned to serve the dining area and living spaces. While there’s no additional kitchen, the main kitchen is spacious enough to accommodate all your culinary adventures. The house also features a partially finished basement, which expands the usable living area significantly. This area includes a 2-piece bathroom with a rough-in for a future shower, providing flexibility for further development to suit your needs.

When it comes to comfort, this **house for sale in Peterborough** doesn’t disappoint. It is fitted with a newer furnace and central air conditioning, ensuring that you stay comfortable throughout the year, no matter the weather outside. The home also benefits from an on-demand hot water system, which adds to the efficiency of the property. With 200-amp electrical service, you’ll find that the house is well-positioned for any upgrades or additional electrical needs you might have in the future.

Another highlight of this property is its location. Conveniently situated in a desirable neighbourhood of Peterborough, 707 Otonabee Drive is close to a variety of amenities, schools, and public transit options. Plus, with easy access to Highway 115, commuting to work or exploring the surrounding areas is a breeze. This **house for sale in Peterborough** is perfect for first-time buyers, renovators, or investors looking for a versatile property with room to grow.

While the home is being sold as-is, where-is, it boasts solid bones and excellent long-term potential. Whether you’re looking to make it your own or seeking an investment opportunity, this property is ready for its next chapter. Don’t miss out on the chance to own this lovely bungalow at 707 Otonabee Drive, Peterborough. It’s not just a house; it’s a place where memories can be made and cherished for years to come. If you’re on the lookout for a **house for sale in Peterborough**, this gem might just be the perfect fit for you!

Ashburnham Ward 4, located within the city of Peterborough, is a vibrant and diverse area that offers a blend of suburban charm and urban convenience. The ward is characterised by its well-established residential neighbourhoods, green spaces, and a variety of local amenities, including shops, schools, and parks. Its proximity to the city centre ensures easy access to a wider range of services and cultural attractions, while the surrounding natural landscapes provide opportunities for outdoor activities. The community is well-connected by public transport, making it an ideal choice for those seeking a balance between a peaceful living environment and the hustle and bustle of city life. With a welcoming atmosphere and a strong sense of local identity, Ashburnham Ward 4 is an appealing option for prospective residents looking to settle in Peterborough.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance of just 1.4 km, you will find St. Patrick Catholic Elementary School, which serves grades JK to 8 and offers an English-language curriculum. For secondary education, St. Peter Catholic Secondary School is located 4.2 km away, catering to grades 9 to 12 with instruction in English. Additionally, St. Anne Catholic Elementary School, situated 4.4 km from the property, provides another option for elementary education, offering a French-language program for grades JK to 8. It's worth noting that both St. Peter Catholic Secondary Schools (one offering English and the other French) are also 4.2 km from the property, providing flexibility in language of instruction for secondary education. All schools are part of the Peterborough Victoria Northumberland and Clarington Catholic District School Board, ensuring a cohesive educational experience. While the school ratings are currently not available, the variety of options and proximity to these institutions underscore the property's appeal for families prioritizing education.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, vibrant community with a population of 474 residents. The average household size is 2.6, and the community has a relatively young demographic, with an average age of 38.4 years. The average household income stands at $88,000, with 11.6% of the population classified as low-income. Housing prices average around $390,000, reflecting the area's desirability. The community is characterized by a significant portion of single individuals (52.63%) and a notable presence of families, with 42.31% of households having children. Immigrants make up 9.76% of the population, contributing to the area's diversity. Renters account for 23.53% of the housing market, while condominiums represent 41.18% of the available properties. Education levels are high, with 51.39% of residents holding a college or university degree. However, a considerable segment of the population, 34.72%, is not in the labor force, indicating potential opportunities for community engagement and development. Overall, this demographic snapshot highlights a well-educated, family-oriented community with a mix of singles and families, making it an appealing area for prospective homeowners and investors.