The Inverlea

The Inverlea is a well-maintained 5-storey mid-rise apartment condominium at 40 Auburn St in Peterborough's Ashburnham Ward 4, built in 1988. The 2-bedroom, 2-bathroom units typically average around 1,200 sq. ft., with recent sales averaging approximately $488,750. Monthly condo fees average about $551, or roughly $0.47 per square foot, covering water and building insurance. The building sits in a prime East City location on the scenic Otonabee River near the Rotary Trail system, with extensive amenities including exercise facilities, sauna, rooftop garden room, and ample parking. Before finalizing a purchase, retain a lawyer or accountant to review the status certificate, reserve fund study, financial statements, board minutes, and condo by-laws to understand the building's long-term financial health and any planned repairs.