Welcome to 1528 Matchett Line - a rare country estate where modern upgrades, multiple income streams, and peaceful rural living come together in one exceptional package. Set on picturesque farmland with endless potential, this turn-key property is the kind of opportunity investors, multi-generational families, and lifestyle buyers wait years to find. Completely transformed with extensive recent upgrades, this unique property features a newly completed legal in-law suite (2024), creating the perfect setup for extended family or strong rental income. Both living spaces offer comfortable, updated accommodations, while the property itself generates impressive additional revenue through outdoor storage rentals and farmland lease income. With approximately $66,840 in annual gross income and an estimated net operating income of over $55,000, this property delivers both lifestyle and financial freedom. The list of improvements is extensive and gives buyers true peace of mind: new septic system (2024), upgraded hydro panel (2024), owned water heater, water softener and UV system (2024), well upgrades (2022), and a new propane furnace (2026). A newly permitted 10x10 deck is also being installed, adding even more outdoor enjoyment to this already impressive property. Outside, the possibilities are endless. Whether you envision hobby farming, additional income opportunities, recreational use, or simply enjoying wide open spaces and country sunsets, this property offers the flexibility to match your vision. The blend of rural charm and modern infrastructure creates a truly turnkey investment in today's market. Properties like this rarely become available - a beautifully upgraded country property with strong cash flow, legal secondary suite potential, and multiple revenue streams already in place. Live, invest, and grow your future all from one incredible address. There is also a Tiny home on site that is available for purchase separately for extra income or to house guests!!
Property Type:
Residential Freehold
Property Sub Type:
Detached
Home Style:
Bungalow
Approx. Age:
31-50
Total Approx Floor Area:
1100-1500
Lot Size:
50-99.99
Lot Depth:
2284'6"696 m
Lot Frontage:
844'5"257 m
Direction Faces:
West
Bedrooms:
2
Bathrooms:
2.0
Water supply:
Well
Kitchens:
1
Bedrooms Above Grade:
2
Kitchens Above Grade:
1
Rooms Above Grade:
6
Rooms Below Grade:
4
Zoning:
A1
Heating type:
Forced Air
Heating Fuel:
Propane
Foundation:
Block
Roof:
Asphalt Shingle
Basement:
Full, Separate Entrance
Fireplace/Stove:
No
Garage:
Attached
Garage Spaces:
2.0
Other Structures:
Drive Shed
Parking Features:
Private
Parking Spaces:
10
Total Parking Spaces:
12.0
Family Room:
No
Possession Details:
TBA
Pool:
None
Link:
No
HST Applicable To Sale Price:
Included In
Taxes:
$4,400 /
2025
Assessment:
$- /
-
Peterborough
Otonabee-South Monaghan
Otonabee-South Monaghan
Accessory Apartment, In-Law Suite, Primary Bedroom - Main Floor, Storage
Data was last updated May 11, 2026 at 06:15 PM (UTC)
Area Statistics
Listings on market:
40
Avg list price:
$799,950
Min list price:
$449,900
Max list price:
$3,850,000
Avg days on market:
23
Min days on market:
2
Max days on market:
630
These statistics are generated based on the current listing's property type
and located in
Otonabee-South Monaghan. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.