27 Prospect Street
Selwyn, ON
- 2 bed
- 1 bath
- approx. 1100-1500 sqft
- Detached
Attention investors! Rare opportunities like this don't come along often. Located in the heart of the highly sought-after Village of Lakefield, this 2-bedroom, 1-bathroom home sits on a large, serviceable lot with municipal water and sewer. This property is ideally suited for investors looking to secure an asset for the future. The home is currently occupied by tenants.The generous lot size presents exciting possibilities down the road, subject to municipal approvals. Whether your long-term vision includes redevelopment, expansion, or simply holding a property in a community where demand continues to grow, this property offers an excellent opportunity to invest in a prime location. Lakefield remains one of the region's most desirable places to own real estate, known for its welcoming small-town atmosphere, vibrant downtown, excellent schools, local shops, restaurants, parks, and easy access to the Trent-Severn Waterway. Just a short drive to Peterborough while surrounded by lakes, trails, and recreational opportunities, it's easy to see why demand for property in the area continues to remain strong.
Listing Details
- Taxes (2025)
- $2,145
Price History
Listing history
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Property
- Style
- 1 1/2 Storey
- Age
- 100+
- Construction
- Aluminum Siding
- Roof
- Metal
- Foundation
- Concrete, Stone
- Interior
- Storage
- Lot Size
- 94.7 x 151.91 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 4
- Parking Features
- Available, Private
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Strickland Street and Prospect Street
- Parcel Number
- 284030182
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Exclusions
- Tenant belongings
- Rental Items
- Hot water tank
Schools
Elementary
- St. Paul Catholic Elementary School1.5 km
Catholic · Peterborough Victoria Northum Clarington CDSB · 195 students
Grade 3 reading: 50% met the provincial standard · Grade 6 math: 27% met the provincial standard
- Lakefield District Public School1.9 km
Public · Kawartha Pine Ridge DSB · 630 students
Grade 3 reading: 54% met the provincial standard · Grade 6 math: 30% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K0L
- Population
- 78,142
- Private dwellings
- 48,786
- Median age
- 54
- Average household size
- 2.3
- Median household income
- $79,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Selwyn · last 12 months
- Median sold price
- $675,000
- Homes sold
- 243
- Median days on market
- 31
- Sale-to-list price
- 95.9%
Based on 243 recorded sales of residential freehold properties in Selwyn over the last 12 months.
Listed by
Ball Real Estate Inc.
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
What this home costs
Based on $16,995 down (5%) · 25 yrs · 5.50% fixed, placeholder rate · Canadian citizen or PR · just me · before other debts.
No published rate is available right now: this uses a placeholder rate; type your own below.
Rented equipment from the listing: Hot water tank (monthly amount not listed, not included).
- Mortgage(calculated)includes the mortgage insurance premium added to the loan$2,050
- Property tax(from the listing)$179
- Heating(estimated)$110
- Home insurance(estimated)$85
Utilities other than heat (hydro, water, internet) are not included.
- Down payment(calculated)$16,995
- Land transfer tax(calculated)$3,574
- Sales tax on the insurance premium(calculated)paid in cash at closing, not added to the loan$1,033
- Legal and title insurance(estimated)$2,050
- Closing adjustments(estimated)prepaid property tax and condo fees$680
- Home inspection(estimated)$400
Tested at 7.50%, the higher rate lenders use (your rate plus 2, or 5.25%, whichever is higher).
Assumes no other debts: housing costs (mortgage, property tax, heating, half any condo fee) at most 39% of gross income.
For example, a quote from your bank. Leave it empty to use 5.50%.
Rate: a placeholder, not a published rate. Every figure is an estimate.
Investment Analysis
Investor terms: 20% minimum down; mortgage rates for rental properties are often higher, so these figures can differ on purpose from “What this home costs”. Rate: a placeholder, not a published rate; figures are illustrative only.
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,660/mo (20% down, 5.5%)
Taxes: $179/mo · Insurance: $85/mo
Estimates only. Consult a financial advisor.
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