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:47421)
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Detailed Information
Bathrooms
10
Lot
47 x 160 ft
Listing Contract Date
2026-03-03
Location Description
Cross Streets: Hunter Street West. ** Directions: George Street North.
# of Parking Spaces
2
Property Type
Retail
Transaction Type
For sale
Zoning Description
Commercial
Building
Cooling Type
Fully air conditioned
Heating Fuel
Natural gas
Heating Type
Forced air
Utility Water
Municipal water
Land
Total Size
47 x 160 FT
Sewer
Sanitary sewer
Size of Irregular Land
47 x 160 FT
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