339-341 Reid St is a 2-bathroom duplex in Peterborough, listed for $550,000. It has 2500-3000 sq ft of living space.
1Excellent opportunity to own a spacious duplex-style property in a desirable central Peterborough location.
2A rare feature for the area, the property includes parking for up to8 vehicles.
3Conveniently located close to downtown amenities, transit, shops, and services, this property offers excellent long-term value in a sought-after neighbourhood.
Excellent opportunity to own a spacious duplex-style property in a desirable central Peterborough location. Offering over 2,700 sq ft, this well-maintained home is currently configured as a professional/medical office but provides strong potential for conversion to mixed use. The flexible layout allows for creative reconfiguration to suit a variety of residential and commercial needs, making it ideal for investors, renovators, or owner-occupiers seeking income potential. A rare feature for the area, the property includes parking for up to8 vehicles. Conveniently located close to downtown amenities, transit, shops, and services, this property offers excellent long-term value in a sought-after neighbourhood.
works out to roughly $220 per square foot. Chat with Zara if you'd like a deeper read on whether this duplex fits your budget and timing.
Inside 339-341 Reid St
Every detail from the listing, in one place.
Type
Duplex
Style
2-Storey
Living space
2500-3000 sq ftas stated on the listing
Parking
8 spaces
Basement
Full, Development Potential
Features & systems
Parking & garage
Parking spaces
8
Interior
Basement
Full · Development Potential
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Duplex
339-341 Reid St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,702
/mo
based on the purchase price of $550,000
$110,000 cash
$440,000 financed
$370,595 total interest
Principal54%$440,000
Interest46%$370,595
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Peterborough
Other 3–5 bed homes for sale in Peterborough around $550K.
Average days on market34Homes sold in about 34 days on average.
Sale-to-list ratio97.3%On average, homes sold below asking.
Active listings411Homes for sale here right now.
Median vs prior 90 days+4.9%Compared with Apr 25 – Jul 24, 2026: prices up.
Based on 369 sales from Jul 24 – Oct 22, 2026 (326 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 339-341 Reid St
How much is 339-341 Reid St listed for?
339-341 Reid St is listed at $550,000 (MLS® X12723580). Summitly updates the price as soon as the MLS® record changes.
Is $550,000 a good price for 339-341 Reid St?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Peterborough. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 339-341 Reid St changed?
Yes — it was first listed at $650,000 and is now $550,000, a drop of $100,000 (15.4%).
How many bedrooms and bathrooms does 339-341 Reid St have?
339-341 Reid St has 2 bathrooms, with about 2,500–3,000 square feet of living space. It is a duplex in Peterborough.
How much would the monthly mortgage be on 339-341 Reid St?
About $2,702 a month — principal and interest on $550,000 with 20% down ($110,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 339-341 Reid St compare with other homes in Peterborough?
Its asking price of $550,000 is about 4% below the median sold price in Peterborough over the last 90 days, $575,555, across 369 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 339-341 Reid St been sold before?
Summitly has no earlier MLS® sale or lease of 339-341 Reid St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 339-341 Reid St?
339-341 Reid St is in Peterborough, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 339-341 Reid St been on the market?
272 days — 339-341 Reid St was listed on January 23, 2026.
What is the price per square foot of 339-341 Reid St?
About $183 to $220 per square foot: the asking price of $550,000 over the 2,500–3,000 sq ft the listing gives as its size range.
Does 339-341 Reid St have parking or a garage?
Yes — the listing gives 8 parking spaces.
Does 339-341 Reid St have a basement, and is it finished?
The listing describes the basement as: Full, Development Potential.
