Salehian.com 647-325-5000

491 Towerhill Road

Northcrest Ward 5, Peterborough, K9H 7S3

$350,000

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  • 3 bathrooms

Listed 117 days ago · MLS® X13487786

About this home

Established ICONIC Burger Shop. Adward winning 15 years in a row Popular Burger Shop(s) / Diner(s) in Peterborough. Both AA+ Peterborough locations are for sale together, proudly providing delicious in-house ground steak burgers and more with a warm, welcoming ambiance that will take you back in time to the 40 and 50"s. The space is air-conditioned and designed for comfort, efficiency and high-volume service. Commercial kitchens support dine-in, and take-out. Retro chattels and fixtures, furnishings, dishes, pots, pans, and recipes ensuring a seamless transition for the next operator. Low fixed operating costs make this an excellent opportunity for an owner-operator or entrepreneur looking to step into an established business with strong brand recognition and repeat clientele. Lots of customer parking available. The location offers immediate revenue potential and is priced to sell. Full support and training available through the seller. Set up on major delivery platforms. Note: this is a Business Asset Sale and Buyer will assume the existing lease. Do not go direct do not speak to the staff. Showings are from 8am- 11am Monday to Friday only. BEING SOLD WITH X13487814.

Details

Type
Sale Of Business
Age
6-15 years
Garage
None
Neighbourhood
Northcrest Ward 5
Municipality
Peterborough

Interior

Bathrooms
3 × bathroom

Heating, cooling and services

Heating
Gas Forced Air Open
Air conditioning
Yes

Building and exterior

Age
6-15 years

More

Possession
Flexible
Cross street
Chemong Rd and Towerhill Rd
Business type
Restaurant

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 3 grocery stores, 5 cafés and restaurants, 1 park, 3 pharmacies. Nearest grocery: Sobeys (150 m). Nearest park: Barnardo Park (800 m).

Schools nearby

Elementary

  • Highland Heights Public School
    EQAO: Gr 6 reading 84%, math 32%    14 min walk
  • R. F. Downey Public School
    EQAO: Gr 6 reading 71%, math 46%    16 min walk
  • St. Anne Catholic Elementary School Catholic
    EQAO: Gr 6 reading 89%, math 57%    18 min walk
  • St. Paul Catholic Elementary School Catholic
    EQAO: Gr 6 reading 100%, math 63%    1.3 km

Secondary

  • Adam Scott Collegiate and Vocational Institute
    EQAO: Gr 9 math 53%, literacy test 85%    1.6 km
  • St. Peter Catholic Secondary School Catholic
    EQAO: Gr 9 math 61%, literacy test 83%    2.3 km
  • Peterborough Alternative and Continuing Education2.4 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area K9H

Owners / renters
53% / 47%
Median household income
$64,000
Average age
44
Children under 15
13%
Homes
53% detached, 3% high-rise
Commute by transit
5%
Population
29,704

Languages spoken most at home besides English: Arabic 0.4%, Hindi 0.2%, Mandarin 0.2%, Korean 0.2%.

Safety

Crime Severity Index for Peterborough police: 68 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by Royal LePage Frank Real Estate.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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