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$499,900

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581 Arndon Avenue

Otonabee Ward 1, Peterborough, Ontario K9J4A9

For sale· Added

2+1 bed2 bath700–1,100 sqft

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.

Location

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Property details

Listing

MLS® number
X13416644
Added
Jun 8, 2026 ()
Updated
Jul 13, 2026 ()
Info refreshed

Overview

Property type
Single Family
Building type
Detached
Storeys
1.5
Ownership
Freehold

Inside

Bedrooms
2+1
Bathrooms
2
Heating
Forced air, Natural gas
Cooling
Central air conditioning
Fireplace
No
Appliances
Washer, Refrigerator, Stove, Dryer

Building

Basement
Partially finished, Full
Exterior
Vinyl siding, Brick Veneer
Foundation
Block
Parking
Carport, No Garage · 3 spaces

Land

Lot size
45.7 x 96.9 ft
Zoning
R1

Services

Water
Municipal water
Sewer
Sanitary sewer

Location

Cross streets
Monaghan South and Arndon
Directions
Monaghan South to Arndon. House on the right.

Running costs

Annual property tax (2025)
$4,061

Rooms

FoyerMain level1.57 x 1.2 m
Laundry roomBasement1.12 x 2 m
Living roomMain level3.66 x 4.27 m
Dining roomMain level2.44 x 3.12 m
KitchenMain level3.05 x 5.33 m
SunroomMain level3.05 x 4.27 m
BedroomSecond level3.51 x 4.04 m
Bedroom 2Second level3.48 x 2.59 m
BathroomSecond level1.15 x 2.13 m
Family roomBasement2.41 x 3.35 m
BathroomBasement1.12 x 2 m

Ask about this home

$499,900
581 Arndon Avenue
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