New Listing
1400 Monaghan Road,Peterborough, ON K9J 5M5
Peterborough, ON K9J 5M5
Description
Prime Infill Development Opportunity - J & J Developments presents Peterborough's Desirable old West End! Exceptional residential development opportunity offering immediate building potential, flexible development configurations and significant long-term density upside. Located in Peterborough's established Old West End, this strategically positioned property features an approved 5FIVE-LOT severances, comprising 2 TWO-LOTS fronting Monaghan Road and 3 THREE-LOTS fronting Homewood Avenue. The 5 FIVE residential parcels offer as-of-right development potential for 20 residential units, consisting of 4 FOUR units per lot. Builders and investors can capitalize on Peterborough's strong rental demand and attractive market rental rates by developing income-producing rental units, or create 20 individually owned condominium units for resale, subject to condominium approvals. This flexibility offers multiple investment and exit strategies, including phased construction, long-term rental income or individual condominium sales. For larger-scale developers, the combined site offers conceptual redevelopment potential for approximately 40 town homes or a mid-rise residential complex of up to 116 units, subject to municipal planning approvals. Feasibility studies have already been completed! ATTRACTIVE VENDOR FINANCING AVAILABLE! A 0% interest Vendor Take-Back (VTB) mortgage is available for a term of up to six months, subject to mutually agreeable terms and conditions. An outstanding opportunity for builders, developers and investors to capitalize on a versatile, multi-lot residential development with substantial density potential, multiple revenue strategies and attractive short-term financing.
Details
| MLS # | X14103826 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 7 |
| Listing Provided By | REMAX YOUR COMMUNITY REALTY | X14103826 087006 |
Features
| Acreage | 0.91 |
|---|---|
| Water Front | None |
Taxes
| Tax Annual Amount | 16143.12 |
|---|---|
| Tax Legal Description | Pt Blk Zz Pl 65 Amended By |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Peterborough |
| City | Peterborough |
| Postal Code | K9J 5M5 |
| Area | Town Ward 3 |
| Listing VS Median (in K9J 5M5) | |
Price: $1 low | high Med: $0 On site: 7 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Peterborough |
| City | Peterborough |
| Postal Code | K9J 5M5 |
| Area | Town Ward 3 |
| Listing VS Median (in K9J 5M5) | |
Price: $1 low | high Med: $0 On site: 7 low | high Med: | |
