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3 Bath Commercial Property in Peterborough
About 491 Towerhill Road
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 X14129794.
Peterborough business priced at $300,000 — book a tour to see if it fits your search.
Inside 491 Towerhill Rd
Every detail from the listing, in one place.
Type
Business
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Sale Of Business
491 Towerhill Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14129798$300,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 491 Towerhill Rd Compares to the Peterborough Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
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How long is your commute?
From 491 Towerhill Rd. Typical times without traffic delays; transit times aren't available yet.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Peterborough
Other homes for sale in Peterborough around $300K.
Average days on market36Homes sold in about 36 days on average.
Sale-to-list ratio97.3%On average, homes sold below asking.
Active listings407Homes for sale here right now.
Median vs prior 90 days+3.2%Compared with May 2 – Jul 31, 2026: prices up.
Based on 378 sales from Jul 31 – Oct 29, 2026 (329 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 491 Towerhill Rd
How much is 491 Towerhill Rd listed for?
491 Towerhill Rd is listed at $300,000 (MLS® X14129798). Summitly updates the price as soon as the MLS® record changes.
Has the price of 491 Towerhill Rd changed?
No — 491 Towerhill Rd is still listed at its original asking price of $300,000.
How many bedrooms and bathrooms does 491 Towerhill Rd have?
491 Towerhill Rd has 3 bathrooms. It is a commercial property in Peterborough.
How does 491 Towerhill Rd compare with other homes in Peterborough?
Its asking price of $300,000 is about 47% below the median sold price in Peterborough over the last 90 days, $567,500, across 378 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 491 Towerhill Rd been sold before?
Summitly has no earlier MLS® sale or lease of 491 Towerhill Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 491 Towerhill Rd?
491 Towerhill Rd is in Peterborough, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 491 Towerhill Rd been on the market?
491 Towerhill Rd was listed today (October 29, 2026).
What is the land transfer tax on 491 Towerhill Rd?
About $2,975 in Ontario land transfer tax at the asking price of $300,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 491 Towerhill Rd or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 491 Towerhill Rd?
The listing for 491 Towerhill Rd doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Peterborough.
When was 491 Towerhill Rd built?
The listing for 491 Towerhill Rd doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.