Prime infill & high-density development opportunity

Located in Peterborough’s sought-after Old West End, this versatile development site offers immediate infill potential with significant long-term density upside.

Development potential includes:

• Approved 5-lot severance: Five residential parcels ready for development—two on Monaghan Road and three on Homewood Avenue.
• Up to 20 units as of right: Each parcel can support a 4-unit build under Ontario’s multi-unit housing framework, allowing for a phased development approach.
• Higher-density potential: Acquire all five lots as a unified site and explore conceptual plans for up to 40 townhomes or a mid-rise residential development of up to 116 units.

The property is minutes from Peterborough Regional Health Centre, Trent University transit routes, downtown Peterborough amenities and Jackson Park trails. With strong rental demand and historically low vacancy rates, the site offers an attractive opportunity for developers looking to build in an established, high-demand neighbourhood.

AI renderings