415 George St N
Peterborough, K9H3R4
For Sale
$1,200,000
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Store With Apt/Office
CATEGORY5,580 Sq Ft
TOTAL AREAX10238095
MLSIDContact Us
Property Description
This property is situated in Downtown Peterborough and offers an excellent investment opportunity. The main floor comprises an 1860 sq ft restaurant with a full basement. The second floor consists of a renovated two-bedroom apartment, while the third floor features a two-bedroom apartment with an outdoor deck totalling 1860 sq ft.
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Extras
Entire building will be vacant on closing.
Property Details
Category
Store With Apt/Office
Zoning
Commercial
Total Area
5,580 Sq Ft
Office/Apartment Area
3,720 Sq Ft
Retail Area
1,860 Sq Ft
Lot Size
18' x 99'
Taxes
$9,549 (2023)
Air Conditioning
Yes
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Listing contracted with Re/Max Excel Realty Ltd.
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This stunning and classic 3-storey century building is ideally located on Peterborough's main thoroughfare, right in the heart of downtown. Boasting beautiful large display bay windows offering plenty of natural light. The main floor retail space has been thoroughly renovated and currently is occupied by a Pharmacy (on a 10-year lease). Additionally, there are three renovated, residential apartments. Unit 1 features two levels, two bedrooms, one bathroom and a private patio. Unit 2 features one bedroom and one bathroom. Unit 3 features one bedroom, one bathroom and a beautiful deck. The dry basement is used for storage space by the Pharmacy. With its Heritage Designation, this property enjoys significant reductions in property taxes.There is additional income from the rented Billboard sign on the North-side of the building. Parking for 2 in the back parking lot is included. Don't miss this excellent opportunity to invest in a classic building in downtown Peterborough's landscape!!
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