Salehian.com 647-325-5000

529 Reid Street

Town Ward 3, Peterborough, K9H 4H1

$799,900

Reduced $30,000 from $829,900

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  • 3 bathrooms

Listed 53 days ago · MLS® X13722788

About this home

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.

Details

Type
Office
Lot
37.05 × 115.76 ft
Garage
Outside/Surface
Property tax
$11,289 (2026)
Neighbourhood
Town Ward 3
Municipality
Peterborough

Interior

Bathrooms
3 × bathroom

Heating, cooling and services

Heating
Radiant
Air conditioning
Partial, Yes
Water and sewer
Sanitary
Utilities
Available

Building and exterior

Building area
2,284 Square Feet

More

Possession
TBA
Cross street
Reid & McDonnel St

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Very walkable

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

Within a 10-minute walk: 5 grocery stores, 55 cafés and restaurants, 7 parks, 6 pharmacies. Nearest grocery: Green Up (650 m). Nearest park: Fleming Park (450 m).

Schools nearby

Elementary

  • Queen Mary Public School
    EQAO: Gr 6 reading 68%, math 29%    15 min walk
  • Highland Heights Public School
    EQAO: Gr 6 reading 84%, math 32%    1.2 km
  • St. Anne Catholic Elementary School Catholic
    EQAO: Gr 6 reading 89%, math 57%    1.3 km
  • Queen Elizabeth Public School
    EQAO: Gr 6 reading 100%, math 72%    1.4 km

Secondary

  • Peterborough Alternative and Continuing Education8 min walk
  • St. Peter Catholic Secondary School Catholic
    EQAO: Gr 9 math 61%, literacy test 83%    1.3 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 Ball Real Estate Inc..

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

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