550-570 Maniece Ave, Peterborough MLS Number: X8438808

Prime vacant land for future development in Peterborough's urban boundary. The property has undergone planning review including a draft plan submission to the City of 55 single detached units over approximately 10.65 acres of Developable Land Area. The existing draft plan is ready for resubmission by a builder looking for a reduced development timeline and a faster ROI, or ready to be redlined and reimagined with higher density in line with the City's 2023 official plan. According to Statistics Canada, the Peterborough census metropolitan area had its second highest annual population increase of the past two decades in 2021-22. This growing demand for housing offers the opportunity for a builder/developer to participate in shaping the City's expansion. Services would be extended from Ashburnham Drive for this development primed land in east Peterborough, benefiting from close proximity to the City's downtown amenities and infrastructure.