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.
Address
529 Reid Street
List Price
$829,900
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Office
Transaction Type
Sale
Area
Peterborough
Sub-Area
Town Ward 3
Bathrooms
3
Lot Depth
115.76
Lot Shape
Irregular
Lot Type
Building
Lot Size Units
Feet
Lot Width
37.05
Parcel Number
280880093
Total Building Area
2284
Occupant Type
Owner
Cross Street
Reid & McDonnel St
MLS® Number
X13722788
Listing Brokerage
Ball Real Estate Inc.
Basement
Yes
Postal Code
K9H 4H1
Posession Details
TBA
Parking Spaces
8
Tax Amount
$11,289.39
Tax Year
2026
Standard Status
Active
Board Or Association
Central Lakes Association of REALTORS
Heat Type
Radiant
Cooling Features
Partial, Yes
Garage Type
Outside/Surface
Tax Legal Description
PT LT 16 N/S MCDONNEL ST & W/S GEORGE ST PL 1 PETERBOROUGH AS IN R494011; T/W R494011; PETERBOROUGH
Security Features
No
Sewer
Sanitary