488 Mckellar Street, Peterborough

$469,000
488 Mckellar Street

$469,000

New
8d
DetachedBungalow

488 Mckellar Street, Peterborough

Total Monthly Obligation $2,590

HausQ Valuation Report
Beds
4
Baths
2
Park
3
Sqft
700-1100
DOM
8d
Score
22
Yield
6.0%
Cash on Cash
0.4%
Cap Rate
4.7%
5Y IRR
15.8%
10Y IRR
14.8%
Property Type-Detached
MLS® Number-X14084582
Beds-4
Bathrooms-2
Size-700-1100 sqft
Lot Size-45 × 95 ft
Listed on site-Oct 15, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,882 (2026)
Parking-3 - None
Basement-Apartment
Heating-Forced Air (Gas)
Brokerage-RE/MAX METROPOLIS REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick Front
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-FLEXIBLE
Neighbourhood-Otonabee Ward 1
Title-Residential Freehold

No agent assigned

Welcome To This Beautifully Renovated Bungalow In A Quiet Established Neighbourhood! Completely Renovated From Top To Bottom, This Move-In Ready Home Offers Modern Finishes, Quality Upgrades And A Functional Layout Throughout. The Bright Main Floor Features A Spacious Living Area, A Beautifully Updated Kitchen, Two Generously Sized Bedrooms And A Remodelled Bathroom. Almost Everything Has Been Redone, Including New Flooring, Kitchens, Bathrooms, Pot Lights, A New Furnace, Plumbing And The List Goes On! The Fully Finished Basement Features A Legal Two-Bedroom Apartment With Its Own Kitchen And Bathroom, Offering Excellent Rental Income Potential Or Additional Living Space For Multi-Generational Families. The Exterior Is Equally Impressive With A Brand-New Concrete Driveway. Perfect For First-Time Buyers, Investors Or Families Looking For A Turnkey Property With Income Potential. Ideally Located Just Minutes From The River, Community Centre, Lansdowne Place Mall, Parks, Shopping, Transit And Everyday Amenities. An Incredible Opportunity To Own A Fully Renovated Home In A Convenient And Established Peterborough Neighbourhood!

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%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$375,200
Land Transfer Taxes$5,855
Legal Fees (Est.)
$
Total cash required for closing$101,155

Total Monthly Obligation

$2,590/mo
Mortgage $1,892
Monthly Loss $2,092
Principal$498
Interest$1,394
Property Tax$324
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.6%23
Cash-on-Cash
-5.8%2
5-Year IRR
11.2%44
10-Year IRR
11.6%
Returns Index
22.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$28,080/yr
NOI
$16,890/yr
Net Cash Flow
-$484/mo
Cash Margin
-20.7%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7412
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo64
Risk Index
31.1/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 488 Mckellar Street

Time

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Data last updated within the past 24 hours.