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599 OTONABEE DRIVE, Peterborough

For Sale

5 Bed · 2 Bath · Multi-family · MLS® X13117730

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Overview
Bedrooms
5
Bathrooms
2
Type
Multi-Family
Stories
1
Status
Active
Property Tax
$4,670.53/yr

Property Description

Incredible opportunity in one of Peterborough's most sought-after neighbourhoods - this beautifully maintained raised bungalow is a certified legal duplex that delivers serious rental income potential, flexible living arrangements, and the kind of turnkey appeal that makes buyers move fast. From the moment you arrive, the large windows throughout the entire home flood every room with natural light, creating a bright, warm, and inviting atmosphere that feels spacious and livable from top to bottom. The main floor is designed for comfortable, functional everyday living. Three well-sized bedrooms offer plenty of space for families or tenants, complemented by a full bathroom, a great kitchen with stainless steel appliances, and a generous dining room perfect for gathering. The oversized living room gives everyone room to breathe, and the dedicated main floor laundry keeps things convenient and completely independent from the unit below. The lower level takes this property to another level entirely. With two separate entrances and a full walkout at the rear, the lower unit is built for privacy, independence, and maximum rental appeal. A complete second kitchen, two additional bedrooms, a full bathroom, and its own in-suite laundry make this a fully functional unit ready to generate income from day one. The dual access points give tenants the kind of privacy and autonomy that commands top-of-market rents and keeps quality renters long-term. Whether you're a first-time buyer looking to offset your mortgage with rental income, an investor adding a legal duplex to your portfolio, or a family seeking a smart multi-generational setup, this home checks every single box. Located steps from public transit, top-rated schools, major shopping, restaurants, and all the everyday amenities Peterborough has to offer - this is a property that doesn't come up often at this price point.

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