1200 Lansdowne Street, Peterborough, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Otonabee Ward 1. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $99,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Spacious lot size measured in Feet
- Convenient plaza garage included
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
A rare opportunity! Own a well-established Chinese restaurant with over 20 years of successful operation and an outstanding reputation in the community. Featuring approximately 100 seats, buffet area, and eligibility for a liquor licence, this fully equipped turnkey business is ready for immediate operation. Enjoy a loyal customer base, strong and consistent sales, ample on-site parking for customers' convenience. There is tremendous potential for future growth by expanding online ordering and delivery services through platforms such as Uber Eats, DoorDash, Skip. The owner is retiring after many successful years, creating an exceptional opportunity for an ambitious owner-operator or investor to take this thriving business to the next level. Don't miss this exceptional opportunity to own a profitable, long-established restaurant with unlimited growth potential. The buyer will have the opportunity to enter into a new lease with the landlord, subject to the landlord's approval.
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Pricing & Value Insights
Data-driven valuation for 1200 Lansdowne Street W, Peterborough, ON K9J 2A1
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Peterborough, ON
For a property listed at $99,000 in Peterborough, the legal minimum down payment is $4,950 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $715 for this transaction. As this listing is in Peterborough (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $715.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.