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$ 2,625,000
Est. payment | /mo
0.9 Acres Lot
$ 2,625,000
Est. payment | /mo
0.9 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Town Ward 3
MLS Listing ID X13671062
Annual Tax Amount $16,143
Tax Year 2026
Lot Size 0.900 Acres
Property Sub-Type Vacant Land
Property Description
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.
Location
Province ON
County Peterborough
Area Peterborough
Rooms
Kitchen 0
Exterior
Waterfront Description None
Lot Frontage 225.0
Lot Depth 171.0
Others
ParcelsYN No
Listed by Royal LePage Frank Real Estate
Nearby Locations
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