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Open Houses in Otonabee, Peterborough

Open Houses in Otonabee, Peterborough

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Otonabee Market

Use our home price trends to better gauge local market conditions and plan your next move. The graphs below show benchmark or average prices of homes sold in the area. Data generated by MLS® Systems and the MLS® Home Price Index (HPI) — Canada’s most advanced tool to gauge local home price levels and trends.
Year over year
Past 10 years
Market Price (CAD)
$568,200
Difference over last year (%)
-3.8
Ask a REALTOR® for more detailed market information.

Otonabee

Otonabee is a neighbourhood within Peterborough, Ontario, which is located in the Greater Peterborough metropolitan area.

Transportation

Driving is a great mode of transportation in this part of Peterborough. It is very easy to park, and many real estate listings are a short drive from the closest highway, such as Highway 7 & 115. In contrast, travelling by public transit is difficult in Otonabee. Nonetheless, property owners benefit from a few bus lines, and bus stops are not very far away from most residences. Otonabee is not especially bicycling-friendly because there are a fair number of slopes for cyclists to brave, and the cycling infrastructure is rather poor. This part of the city is also not very conducive to pedestrians because few daily errands can be run without a vehicle.

Services

The nearest grocery store in this part of Peterborough is generally only a very long trip away. Likewise, those who like to eat in restaurants will have a fair number of opportunities, and a small selection of cafes is available as well. When it comes to education, it is a short walk to get to daycares and primary schools from most properties for sale in Otonabee. However, families may consider it very difficult for their children to reach high schools by walking.

Character

Otonabee has a character that caters to a fairly diverse group of people. Otonabee is very quiet, as the streets are generally very calm closer to Highway 7 & 115. On the other hand, there are around 20 public green spaces close by for residents to explore, like Beavermead Park and Morrow Park, and they are especially well-situated, making it easy to get to them. Finally, even though the ambience is not the liveliest in this part of Peterborough with the nightlife venues in nearby neighbourhoods, it is easy to find a place to grab a drink because they are generally located relatively close by.

Housing

About half of homes in Otonabee were constructed between 1960 and 1980, while many of the remaining buildings were built pre-1960 and in the 1980s. The predominance of single detached homes in the housing stock of this neighbourhood is an important part of its character. Around three quarters of the dwellings in the neighbourhood are occupied by homeowners and one quarter are rented. This area also has quite a good choice of housing size options; there is a higher proportion of three bedroom homes in this part of Peterborough.

Summary

Otonabee, located in Peterborough, Ontario, offers a family-friendly and peaceful atmosphere. With nearby daycares and primary schools, it is perfect for families. The low noise levels and easy access to green spaces make it ideal for those looking for a slower-paced lifestyle. The predominant housing options of single detached homes and row houses offer a variety of choices for potential residents. While driving is the main mode of transportation, the convenience of nearby highways and easy parking is a definite plus. In addition, the neighborhood offers a few dining options and convenient grocery shopping for residents.