581 Arndon Avenue
Peterborough, ON
- 3 bed
- 2 bath
- approx. 700-1100 sqft
- Detached
- 91 days on market
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.
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2026)
- $4,061
- Originally Listed
- $545,000
- Listed
- June 8, 2026
Price History
Property
- Style
- 1 1/2 Storey
- Age
- 51-99
- Construction
- Brick Veneer, Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Block
- Interior
- Other
- Lot Size
- 45.65 x 96.92 Feet
Parking
- Garage
- Carport
- Covered Spaces
- 1
- Total Parking
- 3
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Monaghan South and Arndon
- Zoning
- R1
- Parcel Number
- 280760178
- Possession
- Flexible
- Occupancy
- Vacant
Included
- Inclusions
- Fridge,stove,washer,dryer
- Exclusions
- None
- Rental Items
- Hot water tank
Schools
Elementary
- Kenner Intermediate School0.1 km
Public · Kawartha Pine Ridge DSB · 170 students
- Roger Neilson Public School0.6 km
Public · Kawartha Pine Ridge DSB · 245 students
Grade 3 reading: 61% met the provincial standard · Grade 6 math: 34% met the provincial standard
- St. John Catholic Elementary School0.8 km
Catholic · Peterborough Victoria Northum Clarington CDSB · 270 students
Grade 3 reading: 78% met the provincial standard · Grade 6 math: 29% met the provincial standard
Secondary
- Kenner Collegiate and Vocational Institute0.1 km
Public · Kawartha Pine Ridge DSB · 525 students
Grade 10 literacy: 68% met the provincial standard
- Holy Cross Catholic Secondary School2.4 km
Catholic · Peterborough Victoria Northum Clarington CDSB · 840 students
Grade 10 literacy: 71% met the provincial standard
- Peterborough Collegiate and Vocational School3.5 km
Public · Kawartha Pine Ridge DSB · 385 students
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K9J
- Population
- 44,547
- Private dwellings
- 19,998
- Median age
- 44
- Average household size
- 2.3
- Median household income
- $72,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Peterborough · last 12 months
- Median sold price
- $555,500
- Homes sold
- 1,056
- Median days on market
- 24
- Sale-to-list price
- 97.2%
Based on 1,056 recorded sales of residential freehold properties in Peterborough over the last 12 months.
Rooms
4-piece on Second, 3-piece on Basement
Second
- Bathroom3'9" x 7'
- Bedroom11'6" x 13'3"
- Bedroom 211'5" x 8'6"
Main
- Dining Room8' x 10'3"
- Foyer5'2" x 3'11"
- Kitchen10' x 17'6"
- Living Room12' x 14'
- Sunroom10' x 14'
Basement
- Bathroom3'8" x 6'7"
- Family Room7'11" x 11'
- Laundry3'8" x 6'7"
Listed by
SUTTON GROUP INCENTIVE REALTY INC.
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$99,980
Estimated Monthly Payment
$2,456
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,456/mo (20% down, 5.5%)
Taxes: $338/mo · Insurance: $125/mo
Estimates only. Consult a financial advisor.
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