379 George Street N,Peterborough (Town Ward 3), ON K9H3R2
Peterborough (Town Ward 3), ON K9H3R2
Description
Great Opportunity for Investors.One of the best and best-looking buildings in Peterborough, this prime, fully leased commercial asset is located in the heart of downtown. Municipal parking is conveniently located at the rear of the building. 379 George St N offers 15,845 SF plus a fully usable basement, positioned along one of the city's main commercial corridors with exceptional visibility and steady foot traffic. This is a rare opportunity to acquire a high-quality, income-producing downtown asset with immediate stability and long-term upside in one of Peterborough's most desirable commercial locations.The property features a heritage-designated storefront facade, combining historic charm with strong street presence. In addition, the building includes an existing elevator shaft, providing the opportunity for a new owner to install an elevator if desired adding future value and enhanced accessibility.The property is 100% leased with stable tenants, including Starks Barbershop, VR Play Arena, and Outpost Agency, with remaining lease terms of approximately 4, 3, and 1.5 years. All existing tenants have expressed willingness to renew at the end of their current lease terms, ensuring continued stability. This solid tenancy mix provides reliable, in-place income and long-term security. All units are separately metered (Hydro, Water, Enbridge gas), with tenants paying their own utilities, significantly minimizing landlord expenses. Strong net income (approx. $$$/month) Financial statements available upon signing a Confidentiality Agreement. Rare opportunity to acquire a stabilized, income-producing downtown asset with long-term upside potential in one of Peterborough's most desirable commercial corridors. (id:13843)
Details
| MLS # | X13810098 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 47 |
| Listing Provided By | HOMELIFE/VISION REALTY INC. | KHOREN MARDOYAN |
Features
| Bath(s) | 10 Total |
|---|---|
| SQ Feet | 15,845 |
| Zoning | Commercial |
Interior
| Cooling | Fully air conditioned |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Parking
| Parking Total | 2 |
|---|
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 30301.76 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Peterborough (Town Ward 3) |
| Postal Code | K9H3R2 |
| Listing VS Median (in K9H3R2) | |
Price: $3,499,000 low | high Med: $1,757 sqft: 15,845 low | high Med: 2,779 $ / sqft: $221 low | high Med: $1 On site: 47 low | high Med: 213 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Peterborough (Town Ward 3) |
| Postal Code | K9H3R2 |
| Listing VS Median (in K9H3R2) | |
Price: $3,499,000 low | high Med: $1,757 sqft: 15,845 low | high Med: 2,779 $ / sqft: $221 low | high Med: $1 On site: 47 low | high Med: 213 | |