Prime Real Estate Opportunity! This 8.73-acre parcel of land presents a prime development opportunity within the bustling limits of Peterborough. The property is ideally zoned for residential development, with approved plans (1997) for up to 140 units or the flexibility to construct 70 units per building across three storeys, with the potential to expand up to five storeys. The land's adjacency to a designated greenspace enhances its appeal, offering future residents the perfect blend of urban living and natural beauty. This proximity to greenspace ensures a tranquil setting, making it an attractive option for potential buyers or renters seeking a peaceful retreat within the city. Whether you are an investor looking to develop a residential complex or a developer seeking a substantial project, this property offers significant potential for growth and returns.
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Listed by ONE PERCENT REALTY LTD.
Data was last updated July 17, 2025 at 03:15 AM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$706,500
Min list price:
$399,000
Max list price:
$4,400,000
Avg days on market:
60
Min days on market:
1
Max days on market:
161
These statistics are generated based on the current listing's property type
and located in
Peterborough. Average values are
derived using median calculations. This data is not produced by the MLS® system.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.