Welcome to 707 Otonabee Drive, a solid brick bungalow offering an excellent opportunity for buyers looking to add value through cosmetic updates. Set on a generous lot with a large, private backyard, this home features a paved laneway, a detached garage, and a separate side entrance-ideal for those considering a future in-law suite or secondary living space (buyer to verify permitted uses). The main floor offers approximately 943 square feet of functional living space with hardwood flooring throughout. The layout is bright and practical, providing a strong foundation for modernization while preserving the durability of a well-built home. A newer furnace, central air conditioning, and an on-demand hot water system ensure efficient, year-round comfort. The partially finished basement expands the usable living area and includes a 2-piece bathroom with a rough-in for a future shower, allowing flexibility for further development. With 200-amp electrical service, the home is well positioned for upgrades or additional electrical needs. The home has solid bones and excellent long-term potential. Conveniently located in a desirable Peterborough neighbourhood close to amenities, schools, and transit, Hwy 115, this property presents an opportunity for first-time buyers, renovators, or investors alike. A versatile property with room to grow-707 Otonabee Drive is ready for its next chapter. This property is being sold as-is, where-is.