$2,999,999
For sale: Other

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.
Sold data
Homes in Peterborough (Town Ward 3) took a median of 24 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 42, across 328 recorded sales.
The median sale price was $589,900.
Homes sold for about 2.5% below asking on average, so there was room to negotiate.
About 10% of sales closed above the list price.
Around 22% of sellers reduced their price before finding a buyer.
Based on 328 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Peterborough (Town Ward 3) has 29 Fraser Institute–rated schools (23 elementary and 6 secondary), averaging 5.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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