$779,900
885 GLEN CEDAR Drive
Peterborough, Ontario
4bed2bath1,316sqft
Ontario
Peterborough Real Estate
2 homes for sale • Median $577,400
2Active Listings
$577,400Median Price
30Avg Days on Market
2Detached
Explore Peterborough
Homes for Sale in Peterborough
2 properties available
About Peterborough Real Estate
Peterborough, Ontario, is a vibrant city located in the heart of the Kawartha Lakes region. With a rich history that dates back to its founding in 1821, Peterborough is known for its deep-rooted connections to the Kawartha Lakes and the Otonabee River. The city has evolved over the years, transitioning from a lumber town to a center for education and culture, largely due to the presence of Trent University and Fleming College. Its picturesque landscapes, characterized by lush parks and scenic waterways, enhance its appeal, making it a sought-after destination for both residents and visitors alike.
The character of Peterborough is defined by its warm community atmosphere and a blend of urban and rural living. Its downtown boasts a variety of shops, restaurants, and local businesses that contribute to its unique charm. Peterborough is also known for its active arts scene, with events such as the Peterborough Music Fest and the Kawartha Craft Beer Festival drawing in crowds every year. This rich tapestry of culture and community creates a welcoming environment that attracts a diverse population.
Families appreciate the city's excellent education options, including public and private schools, while young professionals are drawn to its growing job market and affordable housing relative to larger urban centers like Toronto. The city’s commitment to sustainability and outdoor activities, such as canoeing, hiking, and cycling, further enhances its appeal, ensuring that there is something for everyone in Peterborough.
6 active listings with a median price of $724,900.
Lifestyle & Community
Living in Peterborough offers a perfect balance of small-town charm and urban convenience. The local community is known for its friendliness and inclusivity, with numerous events throughout the year that encourage neighborly interactions. From farmers' markets to seasonal festivals, residents enjoy a vibrant social scene that fosters connection and engagement. The waterfront areas, such as Little Lake and the Otonabee River, provide serene spots for relaxation and recreation, making it easy to embrace an active lifestyle. Moreover, Peterborough's diverse population contributes to a rich cultural landscape, with art galleries, theaters, and music venues that highlight local talent. The city offers various recreational facilities, parks, and trails, making it an ideal place for outdoor enthusiasts. The overall vibe is laid-back and welcoming, which resonates well with families, retirees, and young professionals alike.
Local Amenities
- Trent University
- Fleming College
- Peterborough Regional Health Centre
- Peterborough Square shopping mall
- Kawartha Art Gallery
- Little Lake Park
- Peterborough Farmers' Market
- Public transit system
- Sportsplex
- Local restaurants and cafes
- Community centers
- Outdoor recreation trails
Points of Interest
- Peterborough Lift Lock
- Victoria Park
- Art Gallery of Peterborough
- Canadian Canoe Museum
- Downtown Peterborough
- Peterborough Music Fest
- Mark S. Burnham Provincial Park
- Kawartha Highlands Provincial Park
- Wild Water & Wheels Waterpark
Market Overview
As of now, Peterborough's real estate market is competitive, with only 6 active listings available. The median listing price stands at $724,900, indicating a robust market that attracts various buyers. Homes are selling relatively quickly, with an average of 30 days on the market. This suggests a strong demand, particularly for family-friendly homes and properties near educational institutions, which are appealing to first-time buyers and investors alike. Potential buyers should be prepared for a fast-paced market with limited options.
Investment Outlook
Peterborough presents promising investment opportunities, particularly for those interested in the rental market. With a growing population and a steady influx of students due to its educational institutions, demand for rental properties remains high. There are also ongoing development trends aimed at revitalizing the downtown area and expanding residential options, making it an attractive prospect for investors looking to capitalize on future growth.
Ideal For
Peterborough is ideal for first-time buyers looking for affordable housing, families seeking a community-focused environment, and retirees desiring a peaceful lifestyle. Additionally, investors can find lucrative opportunities in the growing rental market, making the city appealing for various buyer types.
Explore More in Peterborough
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Frequently Asked Questions About Peterborough
There are currently 2 active residential listings in Peterborough. This includes detached homes, condos, townhouses, and other property types. Listings are updated throughout the day from CREA's DDF®.