$2,399,999

For sale

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304-306 George Street North, Peterborough (Town Ward 3) - Retail for Sale

304-306 George Street North, Peterborough (Town Ward 3), Ontario, K9J3H2

19,430 ft²Listed 97 days ago

Overview

This retail property in Peterborough is for sale offering roughly 19,430 sq ft of space.

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

Description

Exceptional mixed use investment opportunity in the heart of downtown Peterborough featuring 5 retail units, 4 leased units (most with long term tenants) and 1 vacant unit, plus 3 partially completed residential units consisting of 19 rooms. Each residential unit includes its own common area and laundry facilities. The residential component features 8 rooms on the lower level and 11 rooms on the upper level, with every room equipped with independent climate control. Highly visible commercial frontage on George Street with excellent pedestrian and vehicle exposure. The residential portion offers excellent potential for student housing, affordable housing, office use, or coworking. A contractor familiar with the project is available to complete the remaining work, or buyers may use their own contractor. Seller is highly motivated. (id:66096)

Property Details

MLS®: X13623232
Property Type: Retail
Zoning: C-6
Interior Size: 19,430 ft²
Frontage: 61 ft
Building Area: 19,430 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $37,265/yr
Listed: 97 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

97d

Peterborough (Town Ward 3) listings, avg age

60d

Price / ft²

$124

List price

$2.40M

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) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by REALTY WEALTH GROUP INC. · RAVI SELVARATNAM

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K9J)

This home lists at $2,399,999, about 33.1× the local median household income of $72,500.

Carrying it typically needs a household income of about $468,804 (20% down, 25-yr amortization, stress-tested) — roughly 547% 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)

$2,399,999· $124/ft²

For sale

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