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$2,625,000
Status: For Sale
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.
| Property Type | :Residential Freehold |
|---|---|
| MLS Number | :X13671062 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :25 Sep, 2026 (2 Days ago) |
| Source | :Toronto Regional Real Estate Board |
| Area | :Peterborough |
|---|---|
| Postal Code | :
K9J 5M5
|
| Price | : $2,625,000 |
|---|---|
| Property Taxes | :$16143.12 |
| Tax Year | :2026 |
|---|
| Cross Street | :Homewood Ave |
|---|
| Bathrooms | :0 |
|---|
13 Aug, 2026
TREB #X13671062
Listed
$2625000.0
