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$ 1,985,000
Est. payment | /mo
$ 1,985,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Otonabee
MLS Listing ID X9355980
Annual Tax Amount $10,058
Tax Year 2023
Property Sub-Type Land
Property Description
Prime Development Land in Peterborough, Ontario nestled in close proximity to Trent University, this approximately 1-acre parcel of land is located across the street from Otonabee River offering amazing water views. Currently zoned residential lands allowing for a 6 story condo building or apartment building with 52 units and all surface parking. With an opportunity to convert to student housing (possibility for a head lease after built for every unit if student housing was built). Residential Zoning is already in place, streamlining the development process and ensuring a seamless transition from land to a bustling residential hub. Dont miss out on this rare opportunity to shape the future of Peterboroughs housing landscape. Whether you envision a student-centric complex, luxurious condos, or contemporary apartments, this land is primed for transformation. Lot size according to GeoWarehouse is: 42,420 Sqft. **EXTRAS** Several studies have already been completed, please see the list attached.
Location
Province ON
County Peterborough
Community Otonabee
Area Peterborough
Exterior
Utilities Available Available
Lot Frontage 176.75
Lot Depth 240.0
Listed by CITYSCAPE REAL ESTATE LTD.
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