Salehian.com 647-325-5000

581 Arndon Avenue

Otonabee Ward 1, Peterborough, K9J 4A9

$499,900

Reduced $45,100 from $545,000

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  • 2+1 bedrooms
  • 2 bathrooms
  • 3 parking
  • 700-1100 sq ft

Listed 133 days ago · MLS® X13416644

About this home

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.

Details

Type
Detached
Style
1 1/2 Storey
Age
51-99 years
Size
700-1100 sq ft
Lot
45.65 × 96.92 ft
Basement
Full, Partially Finished
Garage
Carport
Kitchens
1
Property tax
$4,061 (2026)
Neighbourhood
Otonabee Ward 1
Municipality
Peterborough
Price per sq ft
$555 (11% above detached houses in Otonabee Ward 1, $500)

Interior

Bedrooms
2 above ground + 1 below
Bathrooms
1 × 4-piece (second), 1 × 3-piece (basement)
Rooms
7 above ground + 3 below
Family room or den
No
Fireplace
No

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Central Air
Water and sewer
Sewer

Building and exterior

Style
1 1/2 Storey
Exterior
Brick Veneer, Vinyl Siding
Roof
Asphalt Shingle
Foundation
Block
Age
51-99 years
Faces
South

Parking

Garage spaces
1
Total parking
3

Lot

Size
45.65 × 96.92 ft

More

Possession
TBD
Cross street
Monaghan South and Arndon

Rooms

RoomLevelSizeFeatures
FoyerMain1.57 × 1.2 m (5'2" × 3'11")
Living RoomMain3.66 × 4.27 m (12' × 14')
Dining RoomMain2.44 × 3.12 m (8' × 10'3")
KitchenMain3.05 × 5.33 m (10' × 17'6")
SunroomMain3.05 × 4.27 m (10' × 14')
BedroomSecond3.51 × 4.04 m (11'6" × 13'3")
Bedroom 2Second3.48 × 2.59 m (11'5" × 8'6")
BathroomSecond1.15 × 2.13 m (3'9" × 7')4 Pc Bath
Family RoomBasement2.41 × 3.35 m (7'11" × 11')
BathroomBasement1.12 × 2 m (3'8" × 6'7")3 Pc Bath
LaundryBasement1.12 × 2 m (3'8" × 6'7")

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 3 grocery stores, 9 cafés and restaurants, 4 parks, 3 pharmacies. Nearest grocery: Real Canadian Superstore (750 m). Nearest park: John Taylor Memorial Park (300 m).

Schools nearby

Elementary

  • Roger Neilson Public School
    EQAO: Gr 6 reading 83%, math 34%    10 min walk
  • St. John Catholic Elementary School Catholic
    EQAO: Gr 6 reading 57%, math 29%    12 min walk
  • Otonabee Valley Public School
    EQAO: Gr 6 reading 68%, math 25%    1.4 km
  • St. Patrick Catholic Elementary School Catholic
    EQAO: Gr 6 reading 89%, math 39%    1.4 km

Secondary

  • Kenner Collegiate and Vocational Institute
    EQAO: Gr 9 math 19%, literacy test 68%    6 min walk
  • Holy Cross Catholic Secondary School Catholic
    EQAO: Gr 9 math 50%, literacy test 71%    2.4 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area K9J

Owners / renters
62% / 38%
Median household income
$72,500
Average age
44
Children under 15
15%
Homes
62% detached, 10% high-rise
Commute by transit
2%
Population
44,547

Languages spoken most at home besides English: Arabic 0.4%, Spanish 0.2%, Gujarati 0.2%, Hindi 0.2%.

Safety

Crime Severity Index for Peterborough police: 68 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by SUTTON GROUP INCENTIVE REALTY INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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