245 SPILLSBURY Dr
Peterborough, K9K2S3
For Sale
$2,999,900
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Designated
CATEGORY44,035 Sq Ft
TOTAL AREAX10260900
MLSIDContact Us
Property Description
The property is currently vacant land within an existing built-out subdivision. It is surrounded by residential lands on the North, East and South. A refined concept site plan that shows two, three-storey buildings facing Airport Road and Spillsbury Drive and consists of 26 new residential units
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Property Details
Category
Designated
Zoning
SP245
Total Area
44,035 Sq Ft
Taxes
$12,922 (2024)
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Listing contracted with Sutton Group-Admiral Realty Inc.
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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.
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