497 Gilmour Street

Town Ward 3 Peterborough K9H 2J8

Welcome to the Old West End, where timeless character meets exceptional opportunity. This beautiful brick 2.5 storey home offers two legal units, making it an ideal investment property or a smart choice for those looking to offset their mortgage with rental income. Perfectly situated, you'll enjoy convenient access to downtown, schools, transit, and the hospital - all just minutes away. The main level features a charming one-bedroom suite filled with warmth and character. A comfortable living room is highlighted by a fireplace (not operational) flanked by floor-to-ceiling built-ins, creating a cozy and inviting focal point. The dining room offers an elegant space for hosting, while the bright kitchen provides ample storage, including a floor-to-ceiling pantry that adds both function and charm. A four-piece bathroom completes the main floor layout.The second unit spans the second and third floors, offering impressive space and flexibility to suit a variety of living arrangements. Accessed from a generous foyer off the front porch, this unit welcomes you with character and possibility. The second level includes three bedrooms, or the option for a living room configuration, along with a kitchen, full bathroom, and convenient in-suite laundry. The third floor offers a cozy living area and a spacious bedroom, ideal as a private retreat, studio, or additional family space.Throughout this home there are charming features that add warmth to these residences, among them original hardwood floors, millwork and large windows that flood the rooms with natural light. The basement provides laundry hookups for the main floor unit and storage space. Benefits include upgraded insulation, new shingles, soffits, fascia and eaves. The home has two parking spaces and a pleasant backyard to enjoy. A rare opportunity in a sought-after neighbourhood, this classic brick beauty blends historic charm, flexible living space, and strong income potential - all in one exceptional property.