581 Arndon Ave is a 2-bedroom, 2-bathroom detached home in Peterborough, listed for $489,000. It has 700-1100 sq ft of living space.
1Charming Character Home with Exceptional Investment Potential!
2Featuring 3 spacious bedrooms and 2 bathrooms, this home provides a functional layout with plenty of natural light and inviting living spaces.
3Outside, you'll find a generous rear yard with ample space for entertaining, gardening, children, or pets, along with the convenience of a covered carport.
Charming Character Home with Exceptional Investment Potential! Welcome to this delightful 1.5-storey home, originally built in the 1950s and full of warmth, charm, and timeless character. Situated in a highly desirable neighbourhood in Peterborough, this well-located property offers an outstanding opportunity for families, investors, or those seeking multi-generational living. Featuring 3 spacious bedrooms and 2 bathrooms, this home provides a functional layout with plenty of natural light and inviting living spaces. The separate side entrance offers excellent potential for a future in-law suite or duplex conversion (subject to municipal approvals), making it an attractive option for income generation or extended family accommodation. Outside, you'll find a generous rear yard with ample space for entertaining, gardening, children, or pets, along with the convenience of a covered carport. The location is hard to beat-close to schools, shopping, public transit, parks, and everyday amenities, with easy access to Costco Wholesale and nearby educational institutions, making it particularly appealing for student housing opportunities. Whether you're looking for a family home, an investment property, or a residence with future development potential, this charming character home delivers outstanding value in one of Peterborough's most convenient locations. Highlights:* Charming 1950s-built character home* 1.5-storey design* 3 bedrooms, 2 bathrooms* Separate side entrance with duplex/in-law suite potential* Large private rear yard* Covered carport* Excellent family-friendly neighbourhood* Ideal for families, investors, or student rentals* Close to schools, shopping, transit, parks, and Costco* Strong income and future value-add potential A rare opportunity to own a character-filled home with flexibility, location, and investment potential all in one package.
2 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $699 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 581 Arndon Ave
Every detail from the listing, in one place.
Type
Detached
Style
1 1/2 Storey
Living space
700-1100 sq ftas stated on the listing
Parking
3 spaces
Basement
Full, Partially Finished
Features & systems
Parking & garage
Parking spaces
3
Interior
Basement
Full · Partially Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 1/2 Storey
Property class
Detached
581 Arndon Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14155930$489,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 581 Arndon Ave Compares to the Peterborough Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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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
$2,402
/mo
based on the purchase price of $489,000
$97,800 cash
$391,200 financed
$329,493 total interest
Principal54%$391,200
Interest46%$329,493
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 2–5 bed homes for sale in Peterborough around $489K.
Average days on market36Homes sold in about 36 days on average.
Sale-to-list ratio97.2%On average, homes sold below asking.
Active listings382Homes for sale here right now.
Median vs prior 90 days+2.7%Compared with May 11 – Aug 9, 2026: prices up.
Based on 366 sales from Aug 9 – Nov 7, 2026 (337 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 581 Arndon Ave
How much is 581 Arndon Ave listed for?
581 Arndon Ave is listed at $489,000 (MLS® X14155930). Summitly updates the price as soon as the MLS® record changes.
Is $489,000 a good price for 581 Arndon Ave?
Summitly rates it Well Above Market: the asking price is 15% or more above 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 581 Arndon Ave changed?
No — 581 Arndon Ave is still listed at its original asking price of $489,000.
How many bedrooms and bathrooms does 581 Arndon Ave have?
581 Arndon Ave has 2 bedrooms and 2 bathrooms, with about 700–1,100 square feet of living space. It is a detached home in Peterborough.
How much would the monthly mortgage be on 581 Arndon Ave?
About $2,402 a month — principal and interest on $489,000 with 20% down ($97,800), 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 581 Arndon Ave compare with other homes in Peterborough?
Its asking price of $489,000 is about 13% below the median sold price in Peterborough over the last 90 days, $565,000, across 366 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 581 Arndon Ave been sold before?
Summitly has no earlier MLS® sale or lease of 581 Arndon Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 581 Arndon Ave?
581 Arndon Ave is in Peterborough, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 581 Arndon Ave been on the market?
1 day — 581 Arndon Ave was listed on November 6, 2026.
What is the price per square foot of 581 Arndon Ave?
About $445 to $699 per square foot: the asking price of $489,000 over the 700–1,100 sq ft the listing gives as its size range.
Does 581 Arndon Ave have parking or a garage?
Yes — the listing gives 3 parking spaces.
Does 581 Arndon Ave have a basement, and is it finished?
The listing describes the basement as: Full, Partially Finished.
