$499,000
805 Morphet Avenue
Peterborough (Otonabee Ward 1), Ontario
10bed3bath
Ontario
Peterborough (Otonabee Ward 1) Real Estate
Browse homes for sale in Peterborough (Otonabee Ward 1) • Median $569,000
$569,000Median Price
30Avg Days on Market
33Detached14Commercial10Condo4Multi- Unit2House
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About Peterborough (Otonabee Ward 1) Real Estate
Peterborough's Otonabee Ward 1 is a vibrant area that beautifully blends historical charm with modern conveniences. Originally settled in the early 1800s, this ward has evolved from its industrial roots into a picturesque community known for its lush green spaces and scenic waterfront along the Otonabee River. The neighborhood’s rich history is reflected in its well-preserved architecture, which includes a mix of charming bungalows, classic two-storey homes, and contemporary builds, catering to a variety of tastes and preferences.
Otonabee Ward 1 is uniquely characterized by its strong sense of community. The area boasts a friendly, small-town feel, making it an appealing location for families and young professionals alike. The proximity to downtown Peterborough allows residents to enjoy the conveniences of urban living, while still relishing the tranquility of suburban life. The local parks, including the expansive Beavermead Park and the picturesque Del Crary Park, offer ample opportunities for outdoor recreation, picnicking, and community events.
One of the defining features of Otonabee Ward 1 is its commitment to fostering a diverse community spirit. The ward hosts various cultural events throughout the year, such as the Peterborough Music Festival and the annual Garden Show, which celebrate local talent and craftsmanship. Additionally, the presence of respected schools and family-friendly amenities makes this neighborhood particularly attractive to families looking for a supportive environment to raise their children.
69 active listings with a median price of $554,450.
Lifestyle & Community
Living in Otonabee Ward 1 offers a lifestyle marked by a close-knit community and a strong connection to nature. Residents enjoy a blend of recreational activities, including hiking, cycling, and fishing along the Otonabee River. The area hosts vibrant community events, such as farmers' markets and seasonal festivals, fostering camaraderie among neighbors. With an array of local cafes and shops, the vibe is both relaxed and inviting, making it easy for newcomers to feel at home.
Local Amenities
- Beavermead Park
- Del Crary Park
- Peterborough Regional Health Centre
- Otonabee-South Monaghan Public Library
- Local grocery stores and markets
- Community centres offering recreational programs
- Schools such as Otonabee Valley Public School
- Public transportation access via City Transit
- Fitness centers and gyms
- Cafés and restaurants along the riverfront
- Walking and biking trails
- Sports facilities including soccer fields and tennis courts
Points of Interest
- Otonabee River
- Peterborough Lift Lock
- Canadian Canoe Museum
- Showplace Performance Centre
- Peterborough Art Gallery
- Lang Pioneer Village
- Peterborough Memorial Centre
- Jackson Park
- Trent University nearby
Market Overview
The real estate market in Otonabee Ward 1 is currently characterized by 69 active listings, with a median listing price of $554,450. Properties are moving quickly, with an average of just 30 days on the market. This indicates a competitive environment, as both first-time buyers and investors are eager to capitalize on the area's charm and amenities. Buyers should expect a diverse range of housing options, from older homes with character to newer constructions that cater to modern preferences.
Investment Outlook
Otonabee Ward 1 presents promising investment opportunities, particularly for those interested in rental properties. With a steady influx of students and young professionals, the rental market remains vibrant. Development trends indicate a focus on sustainable living and enhancing local amenities, making this neighborhood attractive for long-term investment. The ongoing improvements to infrastructure and community facilities further bolster its appeal for potential investors.
Ideal For
Otonabee Ward 1 is ideal for first-time buyers looking for affordable homes, families seeking a nurturing environment, and retirees desiring a peaceful community. Investors will also find attractive opportunities in this neighborhood, especially with the growing rental market. Overall, the ward appeals to a wide range of buyers due to its strong community feel and abundant amenities.
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Living in Peterborough (Otonabee Ward 1)
Lifestyle
Living in Otonabee Ward 1 offers a lifestyle marked by a close-knit community and a strong connection to nature. Residents enjoy a blend of recreational activities, including hiking, cycling, and fishing along the Otonabee River. The area hosts vibrant community events, such as farmers' markets and seasonal festivals, fostering camaraderie among neighbors. With an array of local cafes and shops, the vibe is both relaxed and inviting, making it easy for newcomers to feel at home.
Local Amenities
Beavermead ParkDel Crary ParkPeterborough Regional Health CentreOtonabee-South Monaghan Public LibraryLocal grocery stores and marketsCommunity centres offering recreational programsSchools such as Otonabee Valley Public SchoolPublic transportation access via City TransitFitness centers and gymsCafés and restaurants along the riverfrontWalking and biking trailsSports facilities including soccer fields and tennis courts
Market Insights
The real estate market in Otonabee Ward 1 is currently characterized by 69 active listings, with a median listing price of $554,450. Properties are moving quickly, with an average of just 30 days on the market. This indicates a competitive environment, as both first-time buyers and investors are eager to capitalize on the area's charm and amenities. Buyers should expect a diverse range of housing options, from older homes with character to newer constructions that cater to modern preferences.
Investment Potential
Otonabee Ward 1 presents promising investment opportunities, particularly for those interested in rental properties. With a steady influx of students and young professionals, the rental market remains vibrant. Development trends indicate a focus on sustainable living and enhancing local amenities, making this neighborhood attractive for long-term investment. The ongoing improvements to infrastructure and community facilities further bolster its appeal for potential investors.
Written with AI assistance using live MLS data, reviewed by our team.
Price Distribution
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$200K – $400K
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$400K – $600K
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$600K – $800K
19
$800K – $1.0M
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$1.0M – $1.5M
1
$2.0M – $3.0M
2
$3.0M+
1
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Frequently Asked Questions About Peterborough (Otonabee Ward 1)
There are currently 56 active residential listings in Peterborough (Otonabee Ward 1). This includes detached homes, condos, townhouses, and other property types. Listings are updated throughout the day from CREA's DDF®.