1818 Cherryhill Road 502, Peterborough

$699,900
1818 Cherryhill Road 502

$699,900

New
28d
Condo ApartmentLoft

1818 Cherryhill Road 502, Peterborough

Total Monthly Obligation $5,649

HausQ Valuation Report
Beds
2
Baths
3
Park
1
Sqft
2000-2249
DOM
28d
Score
21
Yield
9.7%
Cash on Cash
0.9%
Cap Rate
4.8%
5Y IRR
16.3%
10Y IRR
15.2%
Property Type-Condo Apartment
MLS® Number-X13829202
Beds-2
Bathrooms-3
Size-2000-2249 sqft
Listed on site-Sep 25, 2026
Style-Loft
Building Type-Condo Apartment
Age-31-50
Taxes-$7,651.48 (2026)
Maintenance-$1,988.44/mo
Locker-Exclusive
Parking-2 - Underground
Basement-None
Heating-Heat Pump (Gas)
Brokerage-Royal LePage Frank Real Estate
Cooling-Central Air
Laundry-No
Fireplace-Fireplace Insert, Natural Gas
Pool-None
Exterior-Stucco (Plaster)
Roof-Tar and Gravel
Foundation-Concrete
Possession-Flexible
Neighbourhood-Monaghan Ward 2
Title-Residential Condo & Other

No agent assigned

Condo fees include water, heat, AC, 2 parking spots, pool maintenance, common elements, liability insurance, heat pump maintenance plus more. This beautifully updated and renovated penthouse condominium at Summit Place offers an expansive 2350 square feet of living space. This home offers breathtaking views, a roof top patio, floor- to- ceiling windows, two private patios and more. Open concept living space flows beautifully. Upgraded chef's kitchen. 2 bedrooms and 3 bathroom; the primary bedroom offers a luxurious ensuite and walk in closet. The loft area provides additional living space with gas fireplace, a home office, bath and access to the rooftop patio with breathtaking views of the Peterborough skyline. Two parking spots. Summit Place is located in Peterborough's preferred west-end; the condominium offers beautiful gardens, an outdoor heated pool, a library, storage for spots equipment in the garage, a workshop and more. Move in and enjoy stress-free living in a well-maintained, sought-after building.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$559,920
Land Transfer Taxes$10,473
Legal Fees (Est.)
$
Total cash required for closing$151,953

Total Monthly Obligation

$5,649/mo
Mortgage $2,823
Monthly Loss $4,906
Principal$743
Interest$2,080
Property Tax$638
Condo Fees$1,988
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.6%3
5-Year IRR
12.5%54
10-Year IRR
13.0%
Returns Index
27.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$67,560/yr
NOI
$26,891/yr
Net Cash Flow
-$582/mo
Cash Margin
-10.3%1
Cash Flow Index
0.6/ 100
Risk Profile
Weight: 20%
DSCR
0.7914
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo26
Risk Index
19.3/ 100

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

Comparables

Properties near 1818 Cherryhill Road 502

Time

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Data last updated within the past 24 hours.