1400 Monaghan Road Peterborough, Ontario K9J 5M5
$2,625,000
Prime Infill & High-Density Opportunity! Located in Peterborough's sought-after Old West End, this versatile development site offers an immediate, low-risk project pipeline alongside significant long-term higher density upside. Investment Highlights: 1. Approved 5-Lot Severance: Ready for immediate development into five distinct residential parcels - 2 Monaghan Rd lots & 3 Homewood Ave lots. | 2. As-of-Right 20-Unit Potential: Utilize Ontario's multi-unit housing framework with as-of-right approval for a 4-plex on each parcel - ideal for a phased infill build. | 3. Increased Density: Option to purchase all 5 lots as a unified site with conceptual potential for up to 40 townhomes or a mid-rise residential complex of up to 116 units giving residents a unique opportunity to age in place. | Location & Market Drivers: Minutes from Peterborough Regional Health Centre, Trent University transit lines, downtown dining, and Jackson Park trails. Positioned in a high-demand rental market with historically low vacancy rates, making this an ideal acquisition for developers and investors alike. (id:47351)
Property Details
| MLS® Number | X13671062 |
| Property Type | Vacant Land |
| Community Name | Town Ward 3 |
Building
Land
| Acreage | No |
| Size Depth | 171 Ft |
| Size Frontage | 225 Ft |
| Size Irregular | 225 X 171 Ft |
| Size Total Text | 225 X 171 Ft|1/2 - 1.99 Acres |
https://www.realtor.ca/real-estate/30150725/1400-monaghan-road-peterborough-town-ward-3-town-ward-3
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August 13 2026 03:20:45
Central Lakes Association of REALTORS®