Peterborough Homes under $400,000

Peterborough Homes under $400,000

Welcome to Peterborough, Ontario—a charming city nestled in the heart of the Kawartha Lakes region, known for its stunning natural beauty and vibrant community spirit. With its rich history, picturesque landscapes, and a strong sense of belonging, Peterborough offers a unique blend of urban amenities and small-town charm. Whether you’re drawn to the scenic beauty of the Trent-Severn Waterway or the vibrant cultural scene, this city has something for everyone.

For homebuyers seeking affordability without compromising on quality of life, Peterborough is an excellent choice. The real estate market here boasts a variety of homes priced under $400,000, making it an ideal destination for first-time buyers, families, and investors alike. From cozy bungalows to charming townhouses, there is a diverse selection of properties that cater to different tastes and needs.

Living in Peterborough means you’re never far from outdoor adventures. Enjoy hiking and biking along the numerous trails, or spend weekends exploring the beautiful lakes and parks that surround the area. The city also offers a thriving arts scene, with galleries, theaters, and local events that foster a strong community connection.

With its affordable housing options and a welcoming atmosphere, Peterborough is not just a place to live; it’s a place to call home. Discover your dream property today and experience the warmth and charm of this remarkable city!

Newest Peterborough Homes under $400,000

3463 County Road 44 N/A, Havelock-Belmont-Methuen
$349,000
2 Beds ⋅ 1 Baths ⋅ X14081234 MLS
Nestled on 10.33 picturesque, treed acres just 10 km north of Havelock, this charming 1948 log home offers a rare opportunity to restore and enjoy a true country retreat. Rich in character and largely in original condition, the storey-and-a-half home features 2 upstairs bedrooms, a main floor bathroom, and laundry facilities in the lower level. Owned for many years by collectors, the property is currently being cleared and awaits someone with vision to bring it back to its former glory. The rolling, forested acreage provides exceptional privacy and natural beauty, with abundant wildlife and birds surrounding the property. Outbuildings include two spacious double garages - one of log construction - as well as a traditional maple syrup sap house and several additional storage sheds. The property also offers plentiful trees suitable for firewood. Additional features include a dug well, known as artesian, and a septic system replaced shortly after 2010. Located on a paved road and surrounded by forest, this unique property combines rustic charm, history, and endless potential to create an exceptional rural property.

3463 County Road 44 N/A, Havelock-Belmont-Methuen
2 Marshall Street, Cavan Monaghan
$319,000
3 Beds ⋅ 2 Baths ⋅ X14080460 MLS
LOCATION, LOCATION, LOCATION! Set at the end of a quiet dead-end street in the heart of Millbrook, this charming Century Home offers an exciting opportunity for first-time buyers, investors and renovators alike. Situated on a large, fenced and private lot, there is plenty of room to enjoy the property while bringing your vision to life. This 3 bedroom, 2 bathroom home, believed to be the original Village Station Master's home, is full of character and possibility. Inside, you'll find a vaulted kitchen ceiling and skylight that fill the space with natural light, while outside, enjoy the privacy of the rear deck overlooking the large lawn and mature grape vines intertwined along the front porch that adds to its idyllic village charm. A fantastic opportunity to truly make this home your own at an unbeatable price! Walk to local schools, shops, amenities and village trails, with easy access to Hwy 35/115 just a short drive away. Bring your ideas and unlock the potential of this special Millbrook property!

2 Marshall Street, Cavan Monaghan
46B Springbrook Drive, Peterborough
$399,900
3 Beds ⋅ 1 Baths ⋅ X14033148 MLS
Welcome home to this charming 3-bedroom semi-detached home tucked into a desirable west-end neighbourhood. Warm, inviting and full of potential, this is the kind of home that feels comfortable from the moment you walk through the door. The main floor offers a cozy living space that flows into the kitchen and eat-in dining area, creating an easy layout for everyday living. From the dining area, step outside to the large backyard, where there's plenty of room to relax, entertain and enjoy the warmer months. With outdoor living space and a dedicated dog run, there's room for everyone - including the four-legged members of the family. Upstairs, you'll find three spacious bedrooms and a full bathroom, while the finished lower level adds another generous living space with plenty of possibilities. Create a family room, kids' play area, home office, gym, movie room or a combination that works for your lifestyle. The location makes everyday life easy. Situated in Peterborough's desirable west end, you're close to great schools, parks, shopping, restaurants, grocery stores and everyday amenities, with convenient access to Highway 115 for commuters. Cozy, practical and in a location you'll love, this is a wonderful opportunity to settle into a great neighbourhood and make this home your own.

46B Springbrook Drive, Peterborough
1429 Clearview Drive Unit 101, Peterborough
$347,400
2 Beds ⋅ 2 Baths ⋅ X14030790 MLS
Spacious and bright 2 bedroom, 2 bathroom condo located in the desirable west end. This secure, well-maintained building offers designated parking and a fantastic location close to amenities, schools, bus routes and easy access to Hwy 115. Inside, you'll find an eat-in kitchen, separate dining area, spacious living room, large primary bedroom with a 2-Piece ensuite, a generous second bedroom and a full 4-piece bath. Enjoy the abundance of natural light from the many windows and appreciate the ample in-unit storage throughout.

1429 Clearview Drive Unit 101, Peterborough
278 Dalhousie Street, Peterborough
$398,000
3 Beds ⋅ 2 Baths ⋅ X14030756 MLS
Character, convenience and versatile living space come together at 278 Dalhousie Street. This inviting century home is filled with personality, featuring warm wood floors, tall trim and original baseboards throughout the comfortable living and dining rooms. The bright kitchen offers crisp white cabinetry and plenty of functional workspace, while a three-piece bathroom added by the current owners brings welcome convenience to the main floor. The second level includes two bedrooms and a four-piece bathroom with a deep tub. One level above, the spacious third-storey bedroom offers added flexibility, with plenty of room to create a sitting area, workspace or study nook. Outdoors, restored brickwork frames the entrance, while the front porch, established gardens, partially fenced yard and generous attached storage area add to the home's appeal. Additional features include forced-air gas heating and an owned on-demand hot water heater. Ideally located close to downtown Peterborough, shopping, everyday amenities and public transit, this character-filled home offers an accessible opportunity for homeowners and investors alike. Quick closing available.

278 Dalhousie Street, Peterborough
4 McGregor Drive, Otonabee-South Monaghan
$199,000
2 Beds ⋅ 1 Baths ⋅ X13883390 MLS
YOUR RICE LAKE RETREAT AWAITS! Bring your imagination and turn this charming 4-season home into your dream retreat! Featuring 2 bedrooms, 1 bathroom, and an open-concept kitchen, dining, and living area, this property offers plenty of potential to create a space that's uniquely yours. A sunroom with a walkout to the yard provides the perfect spot to relax and enjoy the lovely view of Rice Lake right in your backyard! Enjoy the lifestyle this beautiful park has to offer! Amenities include: Swimming Pool, Pickleball, Basketball & Volleyball, Horseshoes & Shuffleboard, Playground, Fishing & Boating. Docks available to rent through the Parkbridge Management Team right in the park! With a welcoming, friendly neighbourhood and just minutes from all the amenities of Peterborough, this property offers a wonderful opportunity to create your own year-round home or the perfect cottage getaway. Imagine the possibilities, embrace the lifestyle, and make this special spot your own! Please Note: This property is being sold in "AS IS" condition as part of an estate sale.

4 McGregor Drive, Otonabee-South Monaghan
42 Willow Road, Otonabee-South Monaghan
$395,000
2 Beds ⋅ 1 Baths ⋅ X13883102 MLS
Discover an affordable opportunity to enjoy year-round waterfront living on the beautiful Otonabee River at 42 Willow! With 108 feet of waterfront, this charming 2-bedroom, 1-bathroom home offers a peaceful setting just a short drive from Peterborough. Featuring 895 square feet of living space, the home offers a comfortable, functional layout with a cozy wood stove and oil heating to keep you warm through the cooler months. Enjoy morning coffee overlooking the river, summer afternoons by the water, and quiet winter evenings beside the fire. A detached 1.5-car garage provides excellent space for parking, storage, or a workshop. Situated on privately leased land at just $3,000 annually, with 2026 property taxes of $1,528.71, this property offers an appealing alternative to traditional freehold waterfront ownership. Whether you're looking to downsize, escape the city, or settle into a quieter pace of life, this four-season home offers the opportunity to enjoy everything the Otonabee River has to offer, all year long!

42 Willow Road, Otonabee-South Monaghan
920 Skyline Road Unit 7 Tenth St, Selwyn
$149,900
2 Beds ⋅ 1 Baths ⋅ X13883094 MLS
Welcome to 7 10th Street 920 Skyline Road! This beautiful 2022 Ridgeville Park model is situated in the family friendly and excellently maintained Skyline Resort by Parkbridge located on Chemong Lake! There is lots to do for the whole family, including, Horseshoes, Mini Golf, Playground, Baseball diamond, Basketball, Soccer field, Bouncy jumping pillow, 2 pools one adults only, Sandy Beach, dock for fishing and a boat launch! Other amenities include an onsite store, Rec hall for events, Secured entrance, Laundry facilities and boat storage! You'll also enjoy events for the kids, such as Christmas in July and early Halloween! This model is only a few years old! The primary bedroom includes a queen sized bed with lots of storage, second bedroom includes 2 double beds and 2 single, sleeping 8 people in total! Kitchen features an eat at counter and stainless steel appliances, and open concept to the living room! 4 piece bathroom! Don't miss checking out this extremely well maintained park model in a fabulous park! This is a 3 season park, next season starts May 7 2027, and ends October 24 2027.

920 Skyline Road Unit 7 Tenth St, Selwyn
195 Hunter Street E Unit 409, Peterborough
$399,888
1 Beds ⋅ 2 Baths ⋅ X13881882 MLS
***EXCEPTIONALLY SPACIOUS 1-BEDROOM / 2-BATHROOM SUITE WITH HIGH CEILINGS & 1 UNDERGROUND PARKING*** Welcome to elevated urban living at the newly built East City Condos. Offering approximately 780 SQFT, this exceptionally spacious 1-bedroom residence combines contemporary finishes with a bright and functional open-concept layout-perfect for comfortable everyday living and entertaining. The stylish modern kitchen features stainless steel appliances, quartz countertops and backsplash, ample cabinetry, and a large centre island offering additional preparation and dining space. High ceilings and hardwood flooring enhance the suite's open and sophisticated atmosphere. The spacious primary bedroom features a private 5-piece ensuite bathroom with a double-sink vanity, while a separate powder room provides added convenience for guests. In-unit laundry and one (1) exclusive underground parking space are also included. Residents enjoy an impressive selection of amenities, including indoor and outdoor lounge areas, a fully equipped gym and fitness centre, a residential boardroom, a designated parcel-delivery system, and a convenient dog-washing station. Ideally situated just steps from East City's vibrant shops, restaurants, scenic trails, and the canal, this exceptional residence offers urban living at its finest.

195 Hunter Street E Unit 409, Peterborough
485 Mark Street, Peterborough
$384,900
2 Beds ⋅ 2 Baths ⋅ X13880194 MLS
Welcome to 385 Mark St in Peterborough's trendy East City. This very affordable 2 bedroom 2 bath home is looking for some love. Fantastic location, great over-sized private yard, garage converted man-cave, and in the heart of one of the coolest little areas Peterborough has to offer, all for under $400,000! Don't wait on this one!

485 Mark Street, Peterborough
760 George Street Unit #2, Peterborough
$395,000
2 Beds ⋅ 1 Baths ⋅ X13877676 MLS
Welcome to this charming and spacious two-bedroom, one-bathroom unit, ideally located just minutes from downtown Peterborough. Offering a wonderful blend of character and modern conveniences, this bright and inviting home is freshly painted and features soaring ceilings, exposed brick accents, beautiful hardwood flooring and large windows that fill the space with natural light. The open-concept living and kitchen area is perfect for everyday living and entertaining. The kitchen features rich cabinetry, stainless steel appliances, ample counter space and a convenient centre island. Additional highlights include a full bathroom, in-suite laundry and a covered outdoor porch, providing a lovely space to relax and unwind. Conveniently situated close to downtown shops, restaurants, cafés, parks, public transit and everyday amenities, this unique property offers comfortable living in a desirable central location. A wonderful opportunity to enjoy character, comfort and convenience in the heart of Peterborough!

760 George Street Unit #2, Peterborough
14 Ottawa Street W, Havelock-Belmont-Methuen
$275,000
5 Beds ⋅ 2 Baths ⋅ X13876672 MLS
Opportunity knocks to get into the market! Immediate posession available.

14 Ottawa Street W, Havelock-Belmont-Methuen
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