$844,900
29 William Campbell Drive
Peterborough (Monaghan Ward 2), Ontario
4bed4bath
detached in Peterborough (Monaghan Ward 2)
Browse 80 active listings
Market Analysis
In Peterborough's Monaghan Ward 2, the real estate market for detached homes caters to a diverse range of buyers, including families, young professionals, and retirees. Many families are attracted to the area for its reputable schools like Monaghan Public School and Holy Cross Catholic Secondary School, making it an ideal place for those looking to settle down and raise children. Young professionals appreciate the closeness to the downtown core and the vibrant local economy, while retirees seek the tranquility of suburban life with easy access to amenities. The lifestyle here revolves around community engagement, outdoor activities, and local events. Residents enjoy the proximity to various parks such as the scenic Del Crary Park, which hosts seasonal festivals, as well as multiple recreational facilities. The balanced market conditions allow buyers to find homes that suit their needs without the pressure of a highly competitive marketplace.
Price Insights
In the Monaghan Ward 2 area, buyers can expect to see a variety of options within the segment under $1,000,000. The median price for detached homes stands at $749,999, while the average price averages around $743,217. For this investment, buyers typically receive spacious homes featuring three to five bedrooms, modern kitchens, and well-maintained yards. Many properties also come equipped with desirable amenities such as finished basements and garages. For instance, homes on Crescent Drive or within the neighborhoods of McDonnel and South Monaghan often feature large lots with mature landscaping, offering both privacy and outdoor space for relaxation or entertaining. Potential buyers will find that they can achieve a balance of comfort and affordability in this region, making it an attractive investment opportunity.
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About This Property Type
Detached homes in Peterborough's Monaghan Ward 2 are characterized by their spacious layouts, typically featuring single or multiple stories. Many properties boast traditional designs alongside contemporary updates, providing a blend of classic charm and modern convenience. Common features include expansive front yards, private driveways, and backyards that offer ample space for gardening or outdoor activities. Properties on streets like Hilliard Street and Western Avenue often come with distinctive architectural styles ranging from bungalows to two-storey family homes, appealing to a variety of buyers. These homes reflect the community’s commitment to maintaining a family-friendly atmosphere while catering to the needs of modern living, making them a staple in this desirable neighborhood.
Location Highlights
Monaghan Ward 2 is celebrated for its tranquil suburban feel, yet remains conveniently close to the vibrant city center of Peterborough. Residents enjoy access to essential amenities such as shopping centers, restaurants, and recreational facilities. The area's excellent public transport links, including easy access to local bus services, make commuting simple for those working outside the neighborhood. Local parks, including the popular Jackson Park, offer beautiful walking trails, playgrounds, and picnic areas, perfect for families and outdoor enthusiasts. The proximity to schools and health services, along with community centers like the Monaghan Community Centre, further enhance the appeal of this area, solidifying its status as a sought-after location for families and individuals alike.
Investment Advice
Investing in a detached home within Peterborough's Monaghan Ward 2 is a wise decision for potential buyers. With a balanced real estate market and a median price of $749,999, this neighborhood holds substantial potential for appreciation. The combination of excellent schools, recreational facilities, and a strong sense of community makes it an attractive place for families and renters alike. As Peterborough continues to grow, properties in Monaghan Ward 2 are likely to increase in value over time. Moreover, the steady demand for rental properties in this area can provide an additional income stream for investors. Targeting homes with multiple bedrooms on streets like Equestrian Drive or McDonnel Avenue can yield a strong return on investment, especially as the city's population continues to expand.
Buying Tips
When considering the purchase of a detached home in Monaghan Ward 2, it's crucial to conduct thorough research. Start by visiting the neighborhoods to get a feel for the community and explore amenities such as local parks and schools. It's also beneficial to consult local listings to understand pricing trends and the types of homes available. Having a pre-approved mortgage can significantly strengthen your position as a buyer, allowing for quicker negotiations. When viewing properties, pay attention to the condition of key elements such as roofing, plumbing, and landscaping, as these can impact long-term maintenance costs. Don’t hesitate to work with a local real estate agent familiar with the area; they can provide invaluable insights and help navigate the purchasing process effectively.
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Frequently Asked Questions About Peterborough (Monaghan Ward 2)
How many detached homes are for sale in Peterborough (Monaghan Ward 2)?
There are currently 80 detached homes listed for sale in Peterborough (Monaghan Ward 2) on this site. Listings are updated multiple times per day from CREA's DDF®.
How often are detached listings updated in Peterborough (Monaghan Ward 2)?
Listings on this page are updated multiple times per day directly from CREA's DDF® (Data Distribution Facility). New listings typically appear within minutes of being added to the MLS® system.