539 George Street
Peterborough, ON
25,834 sqft • Land • 157 days on market
539 George Street North, a prime multi-residential development site locate in the heart of downtown Peterborough. The 0.59-acre parcel is zoned for a six-storey purpose-built rental building comprising 95 residential suites and 2,717 sq. ft of ground-floor retail, with 32 parking stalls and 10 affordable housing units. The property offers significant value through available incentives, including exemption from development charges until January 2027 and eligibility for the Brownfield Tax Incentive Program (BTIP) and Central Area Revitalization Grant Program (TARP). Key technical reports-including geotechnical, environmental, archaeological, and stormwater management-have been completed, positioning the project to advance efficiently toward Site Plan Agreement. Ideally situated between London Street and McDonnel Street, the site is within walking distance to Peterborough City Hall, Confederation Square, and the Peterborough Armory, and offers convenient access to Trent University and Fleming College, supporting strong and diverse rental demand
Listing Details
- Taxes (2025)
- $23,615
- Listed
- March 20, 2026
Price History
Property
- Lot Size
- 163.53 x 228.93 Feet
Utilities
- Sewer
- Sanitary Available
Location & Legal
- Cross Street
- McDonnel St and London St
- Zoning
- C-5
- Possession
- Immediate
Commercial
- Occupancy
- Vacant
Community
Postal area K9H
- Population
- 29,704
- Private dwellings
- 14,391
- Median age
- 42
- Average household size
- 2.2
- Median household income
- $64,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Peterborough · last 12 months
- Median sold price
- $558,000
- Homes sold
- 1,068
- Median days on market
- 24
- Sale-to-list price
- 97.2%
Based on 1,068 recorded sales of commercial properties in Peterborough over the last 12 months.
Listed by
CBRE LIMITED
Location
Commercial figures
- Building area
- 25,834 sq ft
- Price per sq ft
- $0.00
- Annual property tax
- $23,615
- Tax per sq ft
- $0.91
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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