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Unit 501 at Summit Place

Sold

1818 Cherryhill Road 501, Peterborough, ON K9K 1S6

MLS #X12256638

$585,000

Sold on October 14, 2025

October 14, 2025

Originally listed at $599,000 76 days on market

About This Property

Discover the unparalleled charm of this exceptional penthouse at Summit Place, the only suite currently for sale in this quality constructed building. Available at an extraordinary value that simply cannot be replicated in todays market, this three-bedroom, two-bathroom residence boasts a flexible floor plan designed for modern living. With soaring 24ft cathedral ceilings and floor-to-ceiling glass walls, the open-concept living & dining area is bathed in natural light, creating an inviting atmosphere. Enjoy relaxing views from two beautiful balconies, perfect for taking a break or entertaining. The versatile loft space can serve as a serene master retreat complete with a fireplace & private terrace, or transform the space into a games room or studio to suit your lifestyle. Building amenities enhance your living experience with secure underground parking, outdoor parking, two elevators & a resort-like atmosphere featuring a heated pool, cabana & BBQ area. With only 39 suites, nestled within beautifully landscaped grounds, this penthouse is situated in the desirable West End, just minutes from shopping, golf & easy access to the GTA. Less than 10 minutes from Peterborough Regional Health Centre, Fleming Wellness Centre & Mapleridge Recreation Centre. Peterborough Marina is just minutes away as your gateway to the recreational Kawartha Lakes Regiona million miles away is just down the road. Dont miss this rare opportunity to own a unique property that combines luxury & practicality. Embrace a lifestyle that reflects your aspirations & make this remarkable penthouse your new home!

Investment Analysis

Gross Yield: Annual rent ÷ purchase price (before expenses). Net Yield: After deducting maintenance ($1796/mo) and property tax ($6,740/yr). Does not include insurance, vacancy, or repairs.

Price Per Square Foot Comparison

This Unit
$355/sqft
Monaghan Ward 2
$452/sqft-21.4%
Peterborough
$421/sqft

Fair Market Price

Analysis based on 0 sales and 0 leases in this building. Unit size estimated at 1687 sqft.

Property Details

Bedrooms

3

Bathrooms

2

Square Feet

1,687 sqft

Property Type

Residential Condo & Other

ParkingYes
Parking TypeUnderground
LockerNo
Heating TypeForced Air
StyleApartment
Ensuite LaundryNo
Corp #TSCC-7
MLS Size2000-2249
Listed OnJul 1, 2025
Maintenance Fees$1,796/month
Property Tax$6,740/year

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Rooms

NameSize (m)Size (ft)Features
Foyer(Main)1.85 x 3.316.1 x 10.9-
Great Room(Main)6.79 x 12.7122.3 x 41.7-
Kitchen(Main)3.37 x 4.0511.1 x 13.3-
Primary Bedroom(Main)4.09 x 4.3513.4 x 14.3-
Bedroom(Main)3.78 x 5.3112.4 x 17.4-
Den(Main)4.88 x 3.9416.0 x 12.9-
Other(Main)4.2 x 1.3613.8 x 4.5-
Other(Main)11.06 x 1.9936.3 x 6.5-
Laundry(Main)1.93 x 2.256.3 x 7.4-
Bathroom(Main)2.93 x 2.379.6 x 7.8-
Bedroom(Upper)9.78 x 5.2132.1 x 17.1-
Bathroom(Upper)2.08 x 2.816.8 x 9.2-
Other(Upper)3.92 x 12.912.9 x 42.3-

Room Dimensions Available

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Unit 501 History

Complete transaction history for this unit

Expired

Listed: Feb 12, 2025

$649,000

137 days on marketSale
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Price History

Original List Price

$599,000

Listed on Jul 1, 2025

Sold Price

$585,000

Sold on Oct 14, 2025

-$14,000

-2.3%

76 days on market

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OQ

Your Agent

OVAIS QASSIM

Broker of Record

PREMIER MATRIX REALTY LTD. BROKERAGE

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Building Information

Building NameSummit Place
Address1818 Cherryhill Road, Peterborough
Parking TypeUndergroundSurfaceUnreserved

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About Unit 501 at Summit Place

Unit 501 is a residential condo & other with 3 bedrooms, 2 bathrooms spanning approximately 2000-2249 square feet located at Summit Place, 1818 Cherryhill Road, Peterborough. This unit is currently sold (sold for $585K).

About Summit Place

Summit Place is located at 1818 Cherryhill Road, Peterborough. Explore more units for sale and rent in this building, view building amenities, transaction history, and market insights.

Monaghan Ward 2 Neighbourhood

This unit is located in Monaghan Ward 2, part of Peterborough in the Peterborough area. Explore more condos for sale and rent in this community.

Whether you're looking to buy, sell, or rent at Summit Place, our team of experienced real estate professionals can help you navigate the market and find the perfect unit to match your needs. Contact us today for a free consultation.

Keywords: Unit 501 Summit Place Peterborough

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