317 Reid Street, Peterborough, ON
Property Highlights
Welcome to this remarkable office 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 $659,000 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
- Premium 34 x 76 ft lot size
- equipped with yes central cooling and highly efficient gas hot water heating
Description
Great opportunity to own a mixed use commercial / residential building in central downtown, across from Peterborough Cardiology Clinic. This updated building offers incredible rental opportunities, with a bright and spacious apartment and 2 commercial spaces, or is ideal for someone who wants to live upstairs, use the main floor office space, and rent out the studio. Equipped with a custom built professional audio/video studio. The studio was designed specifically for podcasts and broadcasts, complete with soundproofing and a curved full wall green screen. Second floor apartment rents for $1900 and the main floor is valued at $1750.Going rates for studio space are $60 per hour.
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Pricing & Value Insights
Data-driven valuation for 317 Reid Street, Peterborough, ON K9J 3R2
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About Purchasing a Home in Peterborough, ON
For a property listed at $659,000 in Peterborough, the legal minimum down payment is $40,900 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 $9,655 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 $9,655.
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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.