Here’s a sign the real estate market in Peterborough is hot right now: a very small house on George Street that’s listed for $199,000.
Although calling it a house is generous: it looks more like a garage or a large shed that’s been converted into a living space.
To be fair, the listing doesn’t actually call it a house — instead, it’s a “residential apartment”.
There’s not much curb appeal (there’s not much curb either) and amenities are limited. The one bedroom and one bathroom home has electric heating, no appliances, and the kitchen is located right beside the shower.
But the property has a couple of things going for it: a good location and low property taxes.
At 344 George St. S., it’s relatively close to downtown Peterborough. And, as the listing says, it’s one block from the “popular Little Lake Art Gallery” (that is, the Art Gallery of Peterborough).
The property taxes are also low, at only $871.80. Presumably because there’s not much property to tax — although the building sits on a 30 by 115 foot lot.
If you own a car, it seems the options are to park on the street or on the lawn.
According to the Peterborough and the Kawarthas Association of Realtors, the average price for a home in the city and county of Peterborough is $398,734. So this might be the best you can get for $199,000.
If you’re interested in the property, it’s listed with David Hacke of DNS Real Estate Limited Brokerage. You can see the listing at realtor.ca.
