294 George Street, Peterborough, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Town Ward 3. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $2,349,900 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 3 Bathrooms
- Premium 44.94 x 162 ft lot size
- equipped with partial central cooling and highly efficient gas forced air open heating
Description
This well-maintained, two-level, 13,600-square-foot building is located in the centre of the Peterborough downtown core where the very high traffic count increases exposure for all retail businesses. This building also offers an additional 6,816 square feet of dry basement, ideal for storage. Onsite parking and an 8' x 8' grade level shipping door are at the back of the building, accessed from Water Street. The onsite freight elevator simplifies moving inventory and furniture to and from the second floor. Close to shopping, entertainment, restaurants, banks, accounting and legal firms, and only a three minute walk to a large covered parking garage. If you have ever considered owning an excellent piece of real estate in the heart of Peterborough, this building is for you. Phase I ESA available.
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Pricing & Value Insights
Data-driven valuation for 294 George Street N, Peterborough, ON K9J 3H2
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About Purchasing a Home in Peterborough, ON
For a property listed at $2,349,900 in Peterborough, the legal minimum down payment is $469,980 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 $45,223 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 $45,223.
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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.