40 Auburn St #304 is a 2-bedroom, 2-bathroom condo in Peterborough, listed for $399,900. It has 1000-1199 sq ft of living space.
1The primary bedroom is its own private retreat, complete with large windows, patio doors leading to the balcony, a walk-in closet, and a 3-piece ensuite.
2Additional features include two upgraded elevators, designated covered parking space, common bicycle storage, and ample visitor parking.
Welcome to The Inverlea, one of Peterborough's most sought-after adult lifestyle, smoke-free condominium communities. This exceptionally well-managed and meticulously maintained building offers comfort, convenience, and a true sense of community in a prime location along the scenic Otonabee River and Rotary Trail system.This bright and cheerful 2-bedroom, 2-bathroom unit offers beautiful views of the Otonabee River from the private balcony and an easy, maintenance-free lifestyle without compromising on space or amenities. Large windows throughout the unit fill the space with natural light, creating a warm and inviting atmosphere.The functional galley kitchen features a cozy breakfast nook, while the spacious living and dining areas provide plenty of room for relaxing or hosting family dinners. The primary bedroom is its own private retreat, complete with large windows, patio doors leading to the balcony, a walk-in closet, and a 3-piece ensuite. The second bedroom is also bright and versatile, making it ideal for guests or a home office.Residents of The Inverlea enjoy an impressive selection of amenities, including a top-floor party room with kitchen facilities, washroom, library, and rooftop patio showcasing stunning sunset views over the river. Additional features include two upgraded elevators, designated covered parking space, common bicycle storage, and ample visitor parking. Perfectly situated in Peterborough's desirable East City, this condo offers easy access to scenic waterfront trails, Nichols Oval Park, local shops and restaurants, the Peterborough Golf & Curling Club, and public transit right at your doorstep. The Trent University Athletic Centre is also just a short drive away.Ideal for those looking to simplify their lifestyle without sacrificing convenience or community, 304-40 Auburn Street combines low-maintenance living with an exceptional location and welcoming atmosphere.
2 bedrooms, 2 bathrooms, about 1,000 sq ft, works out to roughly $400 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 40 Auburn St #304
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
1000-1199 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
Other
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
Other
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
40 Auburn St #304 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
$1,965
/mo
based on the purchase price of $399,900
$79,980 cash
$319,920 financed
$269,457 total interest
Principal54%$319,920
Interest46%$269,457
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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Similar homes for sale nearby in Peterborough
Other 2-bed homes for sale in Peterborough around $400K.
Average days on market34Homes sold in about 34 days on average.
Sale-to-list ratio97.3%On average, homes sold below asking.
Active listings417Homes for sale here right now.
Median vs prior 90 days+5.3%Compared with Apr 24 – Jul 23, 2026: prices up.
Based on 372 sales from Jul 23 – Oct 21, 2026 (330 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
4 for sale at 40 Auburn St — plus its sale and lease history.
40 Auburn St #304 is listed at $399,900 (MLS® X13727412). Summitly updates the price as soon as the MLS® record changes.
Is $399,900 a good price for 40 Auburn St #304?
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 40 Auburn St #304 changed?
Yes — it was first listed at $439,900 and is now $399,900, a drop of $40,000 (9.1%).
How many bedrooms and bathrooms does 40 Auburn St #304 have?
40 Auburn St #304 has 2 bedrooms and 2 bathrooms, with about 1,000–1,199 square feet of living space. It is a condo in Peterborough.
How much would the monthly mortgage be on 40 Auburn St #304?
About $1,965 a month — principal and interest on $399,900 with 20% down ($79,980), 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 40 Auburn St #304 compare with other homes in Peterborough?
Its asking price of $399,900 is about 30% below the median sold price in Peterborough over the last 90 days, $575,000, across 372 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 40 Auburn St #304 been sold before?
Summitly has no earlier MLS® sale or lease of 40 Auburn St #304 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 40 Auburn St #304?
40 Auburn St #304 is in Peterborough, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 40 Auburn St #304 been on the market?
51 days — 40 Auburn St #304 was listed on August 31, 2026.
What is the price per square foot of 40 Auburn St #304?
About $334 to $400 per square foot: the asking price of $399,900 over the 1,000–1,199 sq ft the listing gives as its size range.
Does 40 Auburn St #304 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
Does 40 Auburn St #304 have a basement, and is it finished?
