🔥 Downtown Peterborough Mixed-Use Triplex Only $499K OBO with $260K+ Upside, Fully Renovated! Available

Who’s looking for a profitable property?

Here’s your chance to secure a fully updated, turn-key mixed-use building in the centre of Peterborough for only $499,000 Or Best Offer. With an ARV around $750,000 and more than $200K already invested in renovations, you are buying a clean, low-risk asset with over $250K in built-in upside.

This opportunity appeals to investors looking for value, entrepreneurs wanting a prime storefront, and Realtors with clients seeking a rare mixed-use play in a pedestrian heavy zone. One commercial unit has housed a successful local business with steady foot traffic. The second ground-floor space has been fully modernized to a residential space and can be positioned as a professional office, studio, or—pending approvals—converted to residential. The upper unit is an updated, move-in-ready apartment.

You can hold this as a predictable mixed-use rental property, operate your own business with rental income on the side, or reposition the building for higher-value tenants. With strong pedestrian activity, retail synergy, and a low acquisition cost for a renovated downtown building, this is a rare chance to acquire a versatile, cash-flow-ready asset.

Located just off Lansdowne St E & Lock St, you are steps from restaurants, cafés, shops, transit, and services. Street parking is available nearby (buyer to confirm with the city). Key updates include newer windows, refreshed roof sections, and three separate furnaces for efficient, low-maintenance ownership.

Why this is a great investment:
• Ideal for investors, business owners, and Realtors with mixed-use buyers
 • Attractive price point for a renovated downtown building
 • Over $200K in upgrades including mechanicals, finishes, and layout improvements
 • Strong foot traffic and retail demand from nearby businesses
 • Flexible use options: commercial, office, residential, or live-work (verify with city)

How can you profit?

1. Entrepreneur/Owner-Operator: Set up your business in one commercial unit and let the remaining spaces generate supplemental income.
2. Mixed-Use Investment: Hold as a 3-unit income property in a proven commercial zone with strong rental demand.
3. Repositioning Play: Upgrade branding, adjust unit mix, or pursue residential designation for the renovated ground-floor suite (buyer to verify) to lift long-term value.
4. Realtors: Bring your mixed-use clients, commercial investors, or owner-operators looking for an affordable entry into downtown Peterborough. This is a rare price range for a renovated building.

SUMMARY:
 – LOCATION: Peterborough, ON (Lansdowne St E & Lock St)
– PURCHASE PRICE: $499,000 Or Best Offer
– AFTER REPAIR VALUE: $750,000
 – CLOSING: December 16, 2025 (This is an assignment sale.)
 – TYPE: Detached mixed-use triplex (2 commercial / 1 residential)
 – BEDS/BATHS: 4 beds / 2 full baths + 1 half bath
 – PARKING: None
 – BASEMENT: Unfinished, appears dry but not full height
 – LOT: 32.06’ × 116.81’
 – PROPERTY TAX: Approx. $7,013.36 per year
 – POSSESSION: Vacant (current business will vacate prior to closing)

RENOVATIONS NEEDED:
 • Largely turnkey with extensive updates completed. One ground-floor unit needs a proper kitchen counter; a temporary counter is currently installed.
 • Some junk and furniture removal.
 • View the pictures and videos to plan any final cosmetic touches.

GOOD NEWS:
 • $200K+ in renovations completed including mechanicals and interior finishes
 • Fully vacant possession and ready for tenants, business use, or repositioning
 • Updated windows, roof sections, and three separate furnaces
 • High-visibility location with steady foot traffic
 • Strong tenant viability for retail, professional services, or boutique commercial
 • Potential to pursue residential designation for added long-term upside

This is your chance to buy a renovated, flexible, downtown mixed-use building at an entry-level price point. Whether you’re an investor seeking value, a business owner wanting visibility, or a Realtor representing mixed-use buyers, this property checks all the boxes for cash flow, versatility, and long-term appreciation.

LISTING ID: 1125-PET-F01

Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and more…)
Thank you,
Aaron Moore, Tomomi Wang, Josea Dussard & Sarah Budden
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors

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PS. Email us today for your info package. Who wants to make money on this one?