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488 MCKELLAR STREET, Peterborough (Otonabee Ward 1) — listed at $469,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Welcome To This Beautifully Renovated Bungalow In A Quiet Established Neighbourhood! Completely Renovated From Top To Bottom, This Move-In Ready Home Offers Modern Finishes, Quality Upgrades And A Functional Layout Throughout. The Bright Main Floor Features A Spacious Living Area, A Beautifully Updated Kitchen, Two Generously Sized Bedrooms And A Remodelled Bathroom. Almost Everything Has Been Redone, Including New Flooring, Kitchens, Bathrooms, Pot Lights, A New Furnace, Plumbing And The List Goes On! The Fully Finished Basement Features A Legal Two-Bedroom Apartment With Its Own Kitchen And Bathroom, Offering Excellent Rental Income Potential Or Additional Living Space For Multi-Generational Families. The Exterior Is Equally Impressive With A Brand-New Concrete Driveway. Perfect For First-Time Buyers, Investors Or Families Looking For A Turnkey Property With Income Potential. Ideally Located Just Minutes From The River, Community Centre, Lansdowne Place Mall, Parks, Shopping, Transit And Everyday Amenities. An Incredible Opportunity To Own A Fully Renovated Home In A Convenient And Established Peterborough Neighbourhood! (id:60164)
What's the parking situation?+
This property includes 3 spaces — No Garage.
Could this work as an investment property?+
The basement description mentions: Apartment in basement, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Peterborough (Otonabee Ward 1) before counting on it.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $3,882, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Is 488 MCKELLAR STREET a good fit for a growing family?+
With 4 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office.
Is this a good starter home?+
At $469,000, this is priced in starter-home territory for Peterborough (Otonabee Ward 1). With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
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