$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:50976)
Property Details
|
MLS® Number
|
X8298664 |
|
Property Type
|
Vacant Land |
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Community Name
|
Otonabee |
Building
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Sewer
|
Sanitary Sewer |
|
Size Irregular
|
176.75 X 240 Ft |
|
Size Total Text
|
176.75 X 240 Ft |
https://www.realtor.ca/real-estate/26837439/1139-water-street-peterborough-otonabee
