1139 Water Street Peterborough, Ontario K9H 3P8
$2,499,000
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. (id:12481)
Property Details
| MLS® Number | X8298664 |
| Property Type | Vacant Land |
| Community Name | Otonabee |
Building
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 240 Ft |
| Size Frontage | 176 Ft |
| Size Irregular | 176.75 X 240 Ft |
| Size Total Text | 176.75 X 240 Ft |
| Zoning Description | R.5-352 - Residential District |
https://www.realtor.ca/real-estate/26837439/1139-water-street-peterborough-otonabee
Contact Us
Get in touch with us for more information!
Phil Spoelstra
Broker of Record
(519) 667-1958
www.farmontario.com
34 Grandview Crescent
London, Ontario N6K 2Y2
Ron Steenbergen
Broker
(519) 667-1958
www.farmontario.com/
675 Adelaide Street North
London, Ontario N5Y 2L4
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July 09 2024 05:17:23
Toronto Real Estate Board
Cityscape Real Estate Ltd.