245 SPILLSBURY Dr
Peterborough, K9K2S3
For Sale
$2,500,000
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Designated
CATEGORY44,035 Sq Ft
TOTAL AREAX11995368
MLSIDContact Us
Property Description
Currently A 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-Story Buildings Facing Airport Road And Spillsbury Drive And Consists Of 26 New Residential Units. FINANCING IS AVAILABLE!
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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. **EXTRAS** Several studies have already been completed, please see the list attached.
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