Welcome to this remarkable office located in the coveted neighborhood of Town. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $829,900 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.
Excellent opportunity to own a versatile 3-storey office building in a high-traffic downtown location, offering excellent visibility and on-site parking for up to 8 vehicles. Situated at the corner of McDonnel and Reid Street, beside a city parkette and close to downtown amenities and public transit, this property is well suited for a variety of professional uses including a clinic, office space, or potential residential component. Offering approximately 2,284 sq.ft. above grade, the building features 6 offices, a reception area, boardroom, kitchen area, 2.5 bathrooms and a basement laundry. The main and second floors were recently gutted back to the studs and extensively renovated with new insulation and drywall, while all three levels plus the basement have received new flooring, trim and paint. The second-floor 4-piece bathroom is completely new, and two wall-mounted heat pump units provide air conditioning and supplemental heating. The basement offers additional usable space along with a convenient walk-up directly to the rear parking area. With its prominent downtown location, generous parking, flexible layout and extensive recent improvements, this is an excellent opportunity for an owner-user, professional practice or investor.
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This office located at 529 Reid Street, Peterborough is currently for sale and has been available on SousaSells for 1 day. This property is listed at $829,900 with an estimated mortgage of $2,762* per month. It has 0 beds, 3 bathrooms, and is unknown square feet. 529 Reid Street, Peterborough is in the Town neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Town, Peterborough.
First-time home buyers, professionals, or investors seeking value.
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The current listing price for 529 Reid Street, Peterborough, ON in Town, Peterborough is $829,900.
This property features null bedrooms and 3 bathrooms.
529 Reid Street, Peterborough, ON is a Office () featuring a basement.
Security features include: No.
Heating is provided via standard central heat and cooling via Partial, Yes.
Town, Peterborough
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 529 Reid Street, Peterborough, ON K9H 4H1
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Peterborough.
About Purchasing a Home in Peterborough, ON
For a property listed at $829,900 in Peterborough, the legal minimum down payment is $57,990 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 $13,073 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 $13,073.
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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.
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