$1
Available - For Sale
Listing ID: X14103826
1400 Monaghan Road , Peterborough, K9J 5M5, Peterborough
| 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. |
| Price | $1 |
| Taxes: | $16143.12 |
| Occupancy: | Vacant |
| Address: | 1400 Monaghan Road , Peterborough, K9J 5M5, Peterborough |
| Acreage: | .50-1.99 |
| Directions/Cross Streets: | Monaghan Rd and Homewood Ave |
| Bedrooms: | 0 |
| Bedrooms +: | 0 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Property Type: | Vacant Land |
| Drive Parking Spaces: | 0 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Utilities-Cable: | A |
| Utilities-Hydro: | A |
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Sumit Chopra
Broker
Dir:
647-964-2184
Bus:
905-230-3100
Fax:
905-230-8577
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At a Glance:
| Type: | Freehold - Vacant Land |
| Area: | Peterborough |
| Municipality: | Peterborough |
| Neighbourhood: | Town Ward 3 |
| Tax: | $16,143.12 |
| Fireplace: | N |
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