Location is everything, and this beautifully renovated (2021) 2-storey century home delivers. Nestled on a quiet street in the heart of central Peterborough, directly across from a park and just steps from the Otonabee River waterfront, scenic trails, downtown shops, cafés, restaurants, and the Trent Express, this charming 3-bedroom, 2-bathroom home offers the perfect blend of character, modern updates, and an unbeatable walkable/bikeable lifestyle. Full of character, the home showcases its original staircase and trim, complemented by fresh modern paint tones throughout. The eat-in kitchen features a custom-built banquette and handcrafted butternut dining table, quartz countertops, stainless steel appliances, newer cabinetry, updated electrical, modern lighting, under-cabinet lighting, and two walk-outs; one to a cozy covered porch enclosed on three sides and one to a sun-drenched deck. The main floor also offers a convenient bedroom, a 3-piece bathroom with walk-in shower and newer vanity, plus in-closet laundry. Upstairs, you'll find two spacious bedrooms with large closets and bright windows, an updated 4-piece bathroom with newer tile, vanity, toilet, and fixtures ... plus an alcove area that makes for a cozy office space or a crafting/reading nook. Additional updates include laminate flooring throughout and an owned hot water tank less than a year old. Outside, enjoy a charming covered front porch, parking for three vehicles, and a private backyard with an oversized shed ideal for a workshop, hobby space, or additional storage. Just minutes from schools, grocery stores, Peterborough Regional Health Centre, Highway 115, and all the conveniences of downtown, this home is an excellent opportunity for first-time buyers, investors, or those looking to capitalize on its strong student rental potential.