



$799,900
Peterborough
529 Reid Street, Peterborough (Town Ward 3), Ontario, K9H4H1
This office property in Peterborough is for sale offering roughly 2,284 sq ft of space.
Excellent opportunity to own a versatile 3-storey office building in a high-traffic downtown location, offering excellent visibility and on-site parking for up to 8 vehicles. Situated at the corner of McDonnel and Reid Street, beside a city parkette and close to downtown amenities and public transit, this property is well suited for a variety of professional uses including a clinic, office space, or potential residential component. Offering approximately 2,284 sq.ft. above grade, the building features 6 offices, a reception area, boardroom, kitchen area, 2.5 bathrooms and a basement laundry. The main and second floors were recently gutted back to the studs and extensively renovated with new insulation and drywall, while all three levels plus the basement have received new flooring, trim and paint. The second-floor 4-piece bathroom is completely new, and two wall-mounted heat pump units provide air conditioning and supplemental heating. The basement offers additional usable space along with a convenient walk-up directly to the rear parking area. With its prominent downtown location, generous parking, flexible layout and extensive recent improvements, this is an excellent opportunity for an owner-user, professional practice or investor. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 68 days on market, against an average age of 60 days across the listings currently for sale in this city
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.
This office in Peterborough (Town Ward 3) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $799,900, about 12.5× the local median household income of $64,000.
Carrying it typically needs a household income of about $156,248 (20% down, 25-yr amortization, stress-tested) — roughly 144% above the area median.
Source: Statistics Canada, 2021 Census (FSA K9H)
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