306 George St N

Price reduce to SELL. Main Street downtown Peterborough. 3 storey building concrete which includes 8 designated spaces inside which include two fast food restaurants, tattoo parlour, martial arts center and 3 vacant spaces. Owner has approval from the City to covert the vacant spaces into 21 student resident or short term rentals. These rooms will share common spaces like kitchen, living room and bathrooms. Great street exposure. NOI includes rents for the 21 rooms. Develop or lease out and stabilize existing vacant space. Stabilized CAP almost 8%!!!!!!.