1400 Monaghan Road
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.
Features of 1400 Monaghan Road
| MLS® # | X13671062 |
|---|---|
| Price | $2,625,000 |
| Bathrooms | 0.00 |
| Type | Residential Freehold |
| Sub-Type | Vacant Land |
| Status | Active |
Community Information
| Address | 1400 Monaghan Road |
|---|---|
| Area | Peterborough |
| Neighborhood | Town Ward 3 |
| City | Peterborough |
| Province | ON |
| Postal Code | K9J 5M5 |
Interior
| Fireplace | No |
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Listing Details
| Office | Royal LePage Frank Real Estate |
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