Real Estate Market Analysis for April 2024

Featured Property – 813 Norwood Terrace, Peterborough

Looking for the perfect family home in West End? Look no further! This spacious abode offers four levels of comfortable living, providing ample space for your family to grow and thrive. With 3+1 bedrooms and 2 baths, there’s plenty of room for everyone to have their own space while still enjoying quality time together.
One of the highlights of this home is its main floor laundry, making chores a breeze and freeing up more time for the things that matter most. But the perks don’t stop there – step outside and you’ll find an inviting in-ground swimming pool, perfect for cooling off on hot summer days and hosting unforgettable pool parties with friends and family.
Need a dedicated space to work from home or pursue your hobbies? You’re in luck! This home also features a bonus room or office, providing the flexibility to adapt to your lifestyle and meet your specific needs.
Location is key, and this home is ideally situated in a centrally located neighbourhood. Enjoy the convenience of easy walking distance to excellent schools, perfect for families with children, and the PRHC hospital, providing peace of mind knowing medical care is close at hand.
Updates and renovations abound in this well-maintained home. The HVAC system was replaced in 2018, ensuring efficient heating and cooling year-round. The roof was redone in 2021, providing added durability and protection against the elements. Plus, enjoy the convenience of new kitchen flooring and a dishwasher installed in 2023, making meal prep and cleanup a breeze.
Don’t miss out on the opportunity to make this West End gem your new family home. With its spacious layout, convenient amenities, and prime location, it’s sure to check off all the boxes on your wish list.
This property is listed with Malcolm Mersereau, REALTOR® with CENTURY 21 United Realty Inc Brokerage. Schedule a showing today and start envisioning your family’s future in this wonderful property! Reach out at 705-743-4444 or email malcolm.mersereau@century21.ca. MLS® #X8291674
- Front Elevation
- Living Room
- Dining Room
- Kitchen
- Kitchen
- Bedroom
- Main Bathroom
- Bedroom
- Bedroom
- Main Level Laundry
- Lower Level
- Lower Level Office
- Lower Level Bedroom
- Sunroom
- Rear Yard
Embracing Sustainable Living: A Tribute to Earth Day

Revitalize Your Home: Essential Spring Cleaning Tips

As the warmth of spring starts to thaw away the winter chill, it’s the perfect time to give your home a fresh start. Spring cleaning isn’t just about tidying up; it’s about rejuvenating your living space and revitalizing your environment. Here are some essential spring cleaning tips to help you transform your home into a sanctuary of cleanliness and comfort.
- Declutter Every Nook and Cranny: Begin by decluttering your home, starting with one room at a time. Take a critical look at your belongings and ask yourself if each item serves a purpose or brings you joy. Donate, sell, or discard anything that no longer serves you. Clearing out clutter not only frees up physical space but also contributes to mental clarity and a sense of calm.
- Deep Clean Floors and Carpets: Over the winter months, dirt, dust, and grime can accumulate on floors and carpets. Give your floors a thorough cleaning by vacuuming, mopping, or steam cleaning, depending on the surface. Pay special attention to high-traffic areas and don’t forget to move furniture to reach those often-neglected spots.
- Refresh Fabrics and Upholstery: Wash or dry clean curtains, drapes, and upholstery to remove dust, allergens, and odours that may have built up over the winter. Consider giving your furniture a fresh look by rearranging cushions or investing in new slipcovers.
- Scrub and Sanitize Surfaces: Disinfect commonly touched surfaces such as countertops, doorknobs, light switches, and remote controls to eliminate germs and bacteria. Use eco-friendly cleaning products or make your own using natural ingredients like vinegar and baking soda for a safe and effective clean.
- Clean Out and Organize Closets: Take this opportunity to go through your closets and drawers, purging items you no longer wear or need. Organize clothing, shoes, and accessories in a way that makes them easily accessible and visible. Consider investing in storage solutions such as bins, baskets, or hanging organizers to maximize space and keep things tidy.
- Inspect and Maintain Appliances: Check your appliances for any signs of wear or damage and perform any necessary maintenance tasks. Clean out refrigerator coils, replace filters in air purifiers and HVAC systems, and descale coffee makers and kettles to keep everything running smoothly.
- Tackle Outdoor Spaces: Don’t forget about your outdoor areas during spring cleaning. Sweep away debris from walkways and patios, clean outdoor furniture, and inspect your lawn and garden for any winter damage. Prune shrubs, trim trees, and prepare flower beds for planting to create a welcoming outdoor oasis.
- Refresh Home Décor: Finally, add the finishing touches to your spring-cleaned home by refreshing your décor. Bring in touches of greenery with houseplants or fresh flowers, update throw pillows or rugs for a pop of colour, and consider rearranging artwork or accessories to create a new look and feel.
Spring cleaning isn’t just about making your home look nice; it’s about creating a space that promotes health, happiness, and well-being. By following these essential spring cleaning tips, you can breathe new life into your home and set the stage for a season of renewal and growth. So roll up your sleeves, put on your favourite playlist, and get ready to transform your living space into a clean and inviting sanctuary.
Building Your Retirement Nest Egg: How to Use Real Estate as an Investment Strategy

As we journey through life, one constant remains: the need for financial security, especially during retirement. With uncertainties surrounding traditional investment avenues, many individuals are turning to real estate as a reliable means to build their retirement nest egg. Real estate investment not only offers the potential for long-term appreciation but also provides various avenues for generating income. Here’s a comprehensive guide on how you can leverage real estate to secure your retirement.
Start Early, Benefit from Long-Term Growth
Just as with any investment, time is a crucial factor in real estate. Starting early allows you to benefit from the compounding effect of property appreciation over the long term. By investing in real estate early in your career, you give your investments more time to grow and weather market fluctuations.
Diversify Your Portfolio
Diversification is key to any successful investment strategy, and real estate offers numerous options for diversifying your portfolio. You can invest in residential properties, commercial real estate, vacation rentals, or even real estate investment trusts (REITs). Each type of investment carries its own risk and return profile, allowing you to spread your investments across different asset classes and minimize risk.
Generate Passive Income through Rental Properties
Rental properties are a popular choice for retirement investors seeking regular, passive income streams. By purchasing rental properties, you can enjoy a steady stream of rental income that can supplement your retirement savings or even replace your traditional income entirely. Additionally, rental income has the potential to increase over time, providing a hedge against inflation.
Explore Real Estate Investment Trusts (REITs)
For those looking to invest in real estate without the hassle of property management, real estate investment trusts (REITs) offer a convenient solution. REITs are companies that own, operate, or finance income-generating real estate across various sectors. By investing in REITs, you can gain exposure to a diversified portfolio of properties and enjoy regular dividend payments without the need for hands-on management.
Take Advantage of Tax Benefits
Real estate offers several tax advantages that can enhance your retirement savings. Mortgage interest, property taxes, and depreciation are just a few of the expenses that can be deducted from your rental income, reducing your taxable income and increasing your cash flow. Additionally, if you sell a property at a profit, you may be eligible for favourable capital gains tax treatment, especially if you’ve held the property for an extended period.
Plan for the Long Term
Successful retirement investing requires careful planning and a long-term perspective. When investing in real estate, consider your retirement goals, risk tolerance, and investment horizon. Develop a comprehensive strategy that aligns with your financial objectives and regularly review and adjust your portfolio as needed to ensure you stay on track to meet your retirement goals.
Real estate can be a powerful tool for building wealth and securing your financial future in retirement. Whether you’re a seasoned investor or just getting started, now is the perfect time to explore the possibilities that real estate investment has to offer. Looking to start your retirement nest egg through real estate but don’t have a REALTOR® yet? Call us at 705-743-4444 to speak to one of our agents. We always have someone on duty ready to help!