$499,800

For sale

283 George Street North, Peterborough (Town Ward 3) - Retail for Sale

283 George Street North, Peterborough (Town Ward 3), Ontario, K9J3H3

1,005 ft²20 × 115 ft (2,307 sq ft) lot sizeListed 30 days ago

Overview

This retail property in Peterborough is for sale offering roughly 1,005 sq ft of space. It has been on the market 30 days, fresher than the Peterborough average of 61 days.

Retail Space for Sale in Peterborough →All real estate in Peterborough →

Description

Excellent investment opportunity! This well-maintained mixed-use commercial building offers high visibility, and long-term potential. The main floor features a versatile commercial space with a tenant already in place providing immediate rental income and stability. Above the commercial unit is a 2 bedroom residential apartment, offering additional revenue streams. Each unit is separately metered, and the building has been thoughtfully maintained, making it a turnkey addition to your portfolio. Located in a high-traffic area with great exposure, this property is close to amenities, transit, and downtown ideal for both business owners and investors. Don't miss your chance to own a prime commercial property with solid income and an established tenant already in place! (id:66096)

Property Details

MLS®: X13864408
Property Type: Retail
Zoning: C6
Interior Size: 1,005 ft²
Lot Size: 20 × 115 ft (2,307 sq ft)
Frontage: 20 ft
Heating: Forced air, Natural gas
Cooling: None
Property Tax: $9,059.39/yr
Listed: 30 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

30d

Peterborough (Town Ward 3) listings, avg age

61d

Price / ft²

$497

List price

$500K

Homes here sell faster than most markets

Sold homes in this market spent an average of 38 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This retail in Peterborough (Town Ward 3) has been listed for 30 days, which is 31 days fresher than the city average of 61. Act while there is still low competition.

Set a price alert Book a showing

Listed by Century 21 United Realty Inc. · Dion Gemmiti

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K9J)

This home lists at $499,800, about 6.9× the local median household income of $72,500.

Carrying it typically needs a household income of about $97,628 (20% down, 25-yr amortization, stress-tested) — roughly 35% above the area median.

Median household income: $72,500
Population: 44,547
Median age: 44
Owner / renter: 62% / 38%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA K9J)

$499,800· $497/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Financing

Need a commercial mortgage?

Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.

Inquire about financing →