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887 PHILIP STREET, Peterborough (Northcrest Ward 5) — listed at $565,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Attention Investors & Buyers! North End Bungalow with 3 Bedroom In-Law Suite. The main level features kitchen, living and dining, three generously sized bedrooms and one 4pc bathroom. The lower lever, accessible through a separate entrance, includes an in-law suite with three bedrooms, 4pc bathroom, a full kitchen, living area and laundry. Ideal for multigenerational living or rental income potential. ** Property is currently tenanted with no written lease agreement in place. Property is being sold "as is, where is", with the existing tenancy in place and the Buyer(s) will be required to assume the tenant(s) on completion. Seller is not providing vacant possession. Buyer to conduct their own due diligence regarding the tenancy and any future requirements for vacant possession. ** (id:60164)
Is this a good starter home?+
At $565,000, this is priced in starter-home territory for Peterborough (Northcrest Ward 5). With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,511, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
Is 887 PHILIP STREET a good fit for a growing family?+
With 6 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office.
What's the parking situation?+
This property includes 2 spaces — No Garage.
Does it have a basement, and is it finished?+
Yes — Finished, Separate entrance, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
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