Charming Character Home with Exceptional Investment Potential!Welcome to this delightful 1.5-storey home, originally built in the 1950s and full of warmth, charm, and timeless character. Situated in a highly desirable neighbourhood in Peterborough, this well-located property offers an outstanding opportunity for families, investors, or those seeking multi-generational living.Featuring 3 spacious bedrooms and 2 bathrooms, this home provides a functional layout with plenty of natural light and inviting living spaces. The separate side entrance offers excellent potential for a future in-law suite or duplex conversion (subject to municipal approvals), making it an attractive option for income generation or extended family accommodation.Outside, you'll find a generous rear yard with ample space for entertaining, gardening, children, or pets, along with the convenience of a covered carport. The location is hard to beat-close to schools, shopping, public transit, parks, and everyday amenities, with easy access to Costco Wholesale and nearby educational institutions, making it particularly appealing for student housing opportunities.Whether you're looking for a family home, an investment property, or a residence with future development potential, this charming character home delivers outstanding value in one of Peterborough's most convenient locations.Highlights:* Charming 1950s-built character home* 1.5-storey design* 3 bedrooms, 2 bathrooms* Separate side entrance with duplex/in-law suite potential* Large private rear yard* Covered carport* Excellent family-friendly neighbourhood* Ideal for families, investors, or student rentals* Close to schools, shopping, transit, parks, and Costco* Strong income and future value-add potentialA rare opportunity to own a character-filled home with flexibility, location, and investment potential all in one package.
Address
581 Arndon Avenue
List Price
$499,900
MLS® Status
Price Change
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
1 1/2 Storey
Transaction Type
Sale
Area
Peterborough
Sub-Area
Otonabee Ward 1
Bedrooms
2 + 1
Bedrooms (Total)
3
Rooms Above Grade
7
Rooms Below Grade
3
Bathrooms
2
Floor Area
700-1100 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
96.92
Lot Size Units
Feet
Lot Width
45.65
Parcel Number
280760178
Occupant Type
Vacant
Cross Street
Monaghan South and Arndon
Approx. Age
51 - 99 Years
MLS® Number
X13416644
Listing Brokerage
SUTTON GROUP INCENTIVE REALTY INC.
Basement Area
Full, Partially Finished
Postal Code
K9J 4A9
Posession Details
TBD
Parking Places (Total)
3
Parking Spaces
2
Tax Amount
$4,061.00
Tax Year
2026
Interior Features
Other
Central Vacuum
No
Family Room
No
Elevator
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick Veneer, Vinyl Siding
Direction Faces
South
Fireplace
No
Foundation Details
Block
Garage
No
Garage Type
Carport
Covered Spaces
1
Kitchens Total
1
Kitchens Above Grade
1
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 68 PL 69Q NORTH MONAGHAN AS IN R398567 ; PETERBOROUGH
Waterfront
No
Sewer
Sewer
Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Foyer | 1.57 x 1.2 | |
| Main | Living Room | 3.66 x 4.27 | |
| Main | Dining Room | 2.44 x 3.12 | |
| Main | Kitchen | 3.05 x 5.33 | |
| Main | Sunroom | 3.05 x 4.27 | |
| Second | Bedroom | 3.51 x 4.04 | |
| Second | Bedroom 2 | 3.48 x 2.59 | |
| Second | Bathroom | 1.15 x 2.13 | 4 Pc Bath |
| Basement | Family Room | 2.41 x 3.35 | |
| Basement | Bathroom | 1.12 x 2 | 3 Pc Bath |
| Basement | Laundry | 1.12 x 2 |