For Sale: 1400 Monaghan Road, Peterborough, ON

About this home

Prime Infill Development Opportunity - J & J Developments presents Peterborough's Desirable old West End! Exceptional residential development opportunity offering immediate building potential, flexible development configurations and significant long-term density upside. Located in Peterborough's established Old West End, this strategically positioned property features an approved 5FIVE-LOT severances, comprising 2 TWO-LOTS fronting Monaghan Road and 3 THREE-LOTS fronting Homewood Avenue. The 5 FIVE residential parcels offer as-of-right development potential for 20 residential units, consisting of 4 FOUR units per lot. Builders and investors can capitalize on Peterborough's strong rental demand and attractive market rental rates by developing income-producing rental units, or create 20 individually owned condominium units for resale, subject to condominium approvals. This flexibility offers multiple investment and exit strategies, including phased construction, long-term rental income or individual condominium sales. For larger-scale developers, the combined site offers conceptual redevelopment potential for approximately 40 town homes or a mid-rise residential complex of up to 116 units, subject to municipal planning approvals. Feasibility studies have already been completed! ATTRACTIVE VENDOR FINANCING AVAILABLE! A 0% interest Vendor Take-Back (VTB) mortgage is available for a term of up to six months, subject to mutually agreeable terms and conditions. An outstanding opportunity for builders, developers and investors to capitalize on a versatile, multi-lot residential development with substantial density potential, multiple revenue strategies and attractive short-term financing.

Listed by: Jeff Risi, Salesperson, REMAX YOUR COMMUNITY REALTY

Home facts and features

Price details

List Price

Gross Taxes for 2026

$16,143

Home facts

Bedrooms

Full Bathrooms

Property Type

Land/Lot

Lot Size

225 ft x 176 ft (39667 ft²)

Depth

176.2

Frontage

225.13

Community

Downtown

Agent details

Primary Agent

Jeff Risi

Primary Broker

REMAX YOUR COMMUNITY REALTY

Secondary Agent

Mark Risi

Secondary Broker

REMAX YOUR COMMUNITY REALTY

Listing details

Days on REW

23 Days

Property Views

MLS® Number

X14103826

Source

Toronto Real Estate Board

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Property Insights

Schools nearby

10 Schools are within 2km

Queen Mary Public School

Public
JK - 8

St. Peter Catholic Secondary School

Catholic
9 - 12

Prince of Wales School

Public
JK - 8

St. Teresa Catholic Elementary School

Catholic
JK - 8

Westmount Public School

Public
JK - 8

Children's Montessori School, The

Private
Pre-K - 7

Peterborough Collegiate

Public
9 - 12

Highland Heights Public School

Public
JK - 8

Keith Wightman Public School

Public
JK - 6

ÉÉC Monseigneur-Jamot

Catholic
JK - 8

1400 Monaghan RoadPeterborough, ON, K9J 5M5