$2,625,000
Prime Infill & High-Density Opportunity! Located in Peterborough's sought-after Old West End, this versatile development site offers an immediate, low-risk project pipeline alongside significant long-term higher density upside. Investment Highlights: 1. Approved 5-Lot Severance: Ready for immediate development into five distinct residential parcels - 2 Monaghan Rd lots & 3 Homewood Ave lots. | 2. As-of-Right 20-Unit Potential: Utilize Ontario's multi-unit housing framework with as-of-right approval for a 4-plex on each parcel - ideal for a phased infill build. | 3. Increased Density: Option to purchase all 5 lots as a unified site with conceptual potential for up to 40 townhomes or a mid-rise residential complex of up to 116 units giving residents a unique opportunity to age in place. | Location & Market Drivers: Minutes from Peterborough Regional Health Centre, Trent University transit lines, downtown dining, and Jackson Park trails. Positioned in a high-demand rental market with historically low vacancy rates, making this an ideal acquisition for developers and investors alike. (id:56087)
Property Details
|
MLS® Number
|
X13671062 |
|
Property Type
|
Vacant Land |
|
Community Name
|
Town Ward 3 |
Building
Land
|
Acreage
|
No |
|
Size Depth
|
171 Ft |
|
Size Frontage
|
225 Ft |
|
Size Irregular
|
225 X 171 Ft |
|
Size Total Text
|
225 X 171 Ft|1/2 - 1.99 Acres |
https://www.realtor.ca/real-estate/30150725/1400-monaghan-road-peterborough-town-ward-3-town-ward-3
