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:43681)
| MLS® Number | X13781320 |
| 房源类型 | Vacant Land |
| 社区名字 | Town Ward 3 |
| 英亩数 | 无 |
| 土地深度 | 171 Ft |
| 土地宽度 | 225 Ft |
| 不规则大小 | 0.9 |
| Size Total | 0.9 Ac |
| 规划描述 | R1 |
https://www.realtor.ca/real-estate/30275500/1400-monaghan-road-peterborough-town-ward-3-town-ward-3