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$ 1,985,000
Est. payment /mo
Active
1139 Water ST Peterborough, ON K9H 3P8
UPDATED:
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Otonabee
MLS Listing ID X9355980
Annual Tax Amount $10,058
Tax Year 2023
Property Sub-Type Land
Property Description
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.
Location
Province ON
County Peterborough
Community Otonabee
Area Peterborough
Zoning R.5-352 - Residential District
Exterior
Utilities Available Available
Lot Frontage 176.75
Lot Depth 240.0
Listed by CITYSCAPE REAL ESTATE LTD.