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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:52603)

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


CITYSCAPE REAL ESTATE LTD.
885 Plymouth Dr #2
Mississauga, Ontario L5V 0B5

(905) 241-2222
(905) 241-3333

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