Homula Realty Brokerage
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379 George Street N, Peterborough, ON K9H 3R2

Commercial Retail
$3,699,000

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.

MLS number
X13446200
Type
Commercial Retail
Status
Active
Bedrooms
Bathrooms
10
Postal code
K9H 3R2
Photos
40
Property tax
$30,302 / year
90days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Matched to this street. The listing did not say which direction, and every candidate was in the same place.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Peterborough Collegiate and Vocational School
Kawartha Pine Ridge DSB
Secondary467 mNot reported
Immaculate Conception Catholic Elementary School
Peterborough Victoria Northum Clarington CDSB
Elementary825 m6.9 / 10
69% met the standard
Children's Montessori School, TheElementary1.5 kmNot reported
ÉÉC Monseigneur-Jamot
CS catholique MonAvenir
Elementary1.5 km7.1 / 10
71% met the standard
Kaawaate East City Public School
Kawartha Pine Ridge DSB
Elementary1.2 km6.7 / 10
67% met the standard
Rowan Tree Children's SchoolElementary1.8 kmNot reported
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 571 people.

$41,200Median household income
3.4%Own their home
0%Detached houses
51.6Median age
12.8%Born outside Canada
20.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35150112 — the few blocks around this address, home to 571 people. It describes the area, not this property.

571Population
51.2Average age
1.5Household size
$50,000Average household income
$41,200Median household income
3%Own their home
97%Rent
3%Condominiums
13%Born outside Canada
21%University degree
28%Low income
76%Not in the labour force
34%Never married
Under $5,0002%
$10,000 to $14,9993%
$15,000 to $19,9995%
$20,000 to $24,9999%
$25,000 to $29,9999%
$30,000 to $34,9998%
$35,000 to $39,9998%
$40,000 to $44,9998%
$45,000 to $49,9996%
$50,000 to $59,9999%
$60,000 to $69,9996%
$70,000 to $79,9998%
$80,000 to $89,9993%
$90,000 to $99,9993%
$100,000 and over6%
$100,000 to $124,9995%
$125,000 to $149,9992%

Percentages are of the 320 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$739,800 · minimum here is $739,800
$16,378.37per month
Borrowed before insurance$2,959,200
Total borrowed$2,959,200
Interest over 25 years at 4.5%$1,954,311

If you rented it out

-$18,903.54per month out of pocket
Rent$0.00
Everything it costs to hold$18,903.54
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by HOMELIFE/VISION REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.