379 GEORGE STREET N
Peterborough (Town Ward 3), Ontario
MLS® X13446200
$3,699,000
- Status
- Active
- Property type
- Retail
- MLS® number
- X13446200
- Bedrooms
- —
- Bathrooms
- 10
- Year built
- —
1 / 40Listing 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.
Property summary
- MLS® number
- X13446200
- Property type
- Retail
- Square footage
- 15,845 sq ft
- Land size
- 47 x 160 FT
- Annual property taxes
- $30,301.76
- Parking
- 2 spaces
- Days on market
- 80 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $3,699,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of HOMELIFE/VISION REALTY INC., TORONTO.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.