The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Welcome to The Inverlea, one of Peterborough's most sought-after adult lifestyle, smoke-free condominium communities. This exceptionally well-managed and meticulously maintained building offers comfort, convenience, and a true sense of community in a prime location along the scenic Otonabee River and Rotary Trail system.This bright and cheerful 2-bedroom, 2-bathroom unit offers beautiful views of the Otonabee River from the private balcony and an easy, maintenance-free lifestyle without compromising on space or amenities. Large windows throughout the unit fill the space with natural light, creating a warm and inviting atmosphere.The functional galley kitchen features a cozy breakfast nook, while the spacious living and dining areas provide plenty of room for relaxing or hosting family dinners. The primary bedroom is its own private retreat, complete with large windows, patio doors leading to the balcony, a walk-in closet, and a 3-piece ensuite. The second bedroom is also bright and versatile, making it ideal for guests or a home office.Residents of The Inverlea enjoy an impressive selection of amenities, including a top-floor party room with kitchen facilities, washroom, library, and rooftop patio showcasing stunning sunset views over the river. Additional features include two upgraded elevators, designated covered parking space, common bicycle storage, and ample visitor parking. Perfectly situated in Peterborough's desirable East City, this condo offers easy access to scenic waterfront trails, Nichols Oval Park, local shops and restaurants, the Peterborough Golf & Curling Club, and public transit right at your doorstep. The Trent University Athletic Centre is also just a short drive away.Ideal for those looking to simplify their lifestyle without sacrificing convenience or community, 304-40 Auburn Street combines low-maintenance living with an exceptional location and welcoming atmosphere.
Property Details
Listing
MLS® number
X13727412
Status
For Sale
Listed
Aug 31, 2026
Last updated
Sep 21, 2026
Possession
Immediate
Building
Type
Condo
Style
Apartment
Approx. age
31-50
Approx. size
1,000–1,199 ft²
Basement
Other
Lot
Frontage
Not provided by brokerage
Depth
Not provided by brokerage
Lot area
Not provided by brokerage
View
East
Community
Ashburnham Ward 4
Parking & utilities
Garage
Carport, Garage, 1 space
Driveway
Private, 1 space
Heating
Forced Air
Cooling
Central Air
Water / sewer
Not provided by brokerage
Taxes
Property tax
$4,116 / 2026
Condo fee
$567 / month
Source
Data source
TRREB (VOW feed)
Listed by
RE/MAX Rouge River Realty Ltd.
Interior
Level
Room
Size
Features
Loading rooms…
Interior Features
Bedrooms above grade: 2
Kitchens: 1 above grade
Basement: Other
Heating: Forced Air
Cooling: Central Air
Laundry: In-Suite Laundry
Ensuite laundry: Yes
Locker: None
Pets allowed: Yes-with Restrictions
Amenities: Elevator, Game Room, Party Room/Meeting Room, Recreation Room, Visitor Parking
Exterior
Property features: Arts Centre, Clear View, Greenbelt/Conservation, Place Of Worship, Public Transit, Wooded/Treed
Demographic data is not available for this area yet.
Population—
Median household income—
Median age—
Age Groups
Age group data is not available.
Owners vs Renters
Ownership data is not available.
Household Type
Household data is not available.
What’s NearbyDistances approximate
No nearby school data is available for this listing.
Transit score information is not available for this listing.
Nearby everyday places are not available for this listing.
Always confirm school catchments with the local school board.
Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$2,406/mo
Mortgage (principal + interest)$1,496
Property taxFrom listing: $4,116/yr$343
Condo feesFrom listing$567
Minimum $19,995 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$79,980
Ontario land transfer taxProvincial brackets, no first-time refund$4,474
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$87,254
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Peterborough has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
