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.
Address
1139 Water Street
List Price
$1,985,000
Property Type
Commercial
Type of Dwelling
Land
Area
Peterborough
Sub-Area
Otonabee
County
Peterborough
Lot Depth
240
Lot Type
Lot
Lot Size Units
Feet
Lot Width
176.75
MLS® Number
X9355980
Listing Brokerage
CITYSCAPE REAL ESTATE LTD.
Postal Code
K9H 3P8
Tax Amount
$10,058.78
Tax Year
2023
Sewer
Sanitary