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:4069)
Address
1139 WATER STREET
List Price
$1,985,000
Property Type
Vacant Land
Area
Ontario
Sub-Area
Peterborough (otonabee)
Lot Size
176.75 x 240 FT Ac.
MLS® Number
X9355980
Listing Brokerage
CITYSCAPE REAL ESTATE LTD.
Postal Code
K9H3P8
Zoning
R.5-352 - Residential District
Schools
3 public & 4 Catholic schools serve this home. Of these, 6 have catchments. There is 1 private school nearby.
Parks & Rec
3 playgrounds, 2 trails and 3 other facilities are within a 20 min walk of this home.
