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Lots & Land in Peterborough
About 1400 Monaghan Road
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.
Peterborough land priced at $1 — book a tour to see if it fits your search.
Inside 1400 Monaghan Rd
Every detail from the listing, in one place.
Type
Land
Features & systems
Lot & land
Lot size (sqft)
0.9
Listing & possession
Property class
Vacant Land
1400 Monaghan Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14103826$1
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 1400 Monaghan Rd Compares to the Peterborough Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$0
/mo
based on the purchase price of $1
$0 cash
$1 financed
$1 total interest
Principal54%$1
Interest46%$1
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 1400 Monaghan Rd
Homes for sale in Peterborough
Every active Peterborough MLS® listing, updated all day.
Average days on market34Homes sold in about 34 days on average.
Sale-to-list ratio97.3%On average, homes sold below asking.
Active listings411Homes for sale here right now.
Median vs prior 90 days+4.9%Compared with Apr 25 – Jul 24, 2026: prices up.
Based on 369 sales from Jul 24 – Oct 22, 2026 (326 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1400 Monaghan Rd
How much is 1400 Monaghan Rd listed for?
1400 Monaghan Rd is listed at $1 (MLS® X14103826). Summitly updates the price as soon as the MLS® record changes.
Has the price of 1400 Monaghan Rd changed?
No — 1400 Monaghan Rd is still listed at its original asking price of $1.
How many bedrooms and bathrooms does 1400 Monaghan Rd have?
The listing for 1400 Monaghan Rd doesn't publish its bedroom and bathroom count. It is a lot in Peterborough.
How much would the monthly mortgage be on 1400 Monaghan Rd?
About $0 a month — principal and interest on $1 with 20% down ($0), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 1400 Monaghan Rd compare with other homes in Peterborough?
Its asking price of $1 is about 100% below the median sold price in Peterborough over the last 90 days, $575,555, across 369 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 1400 Monaghan Rd been sold before?
Summitly has no earlier MLS® sale or lease of 1400 Monaghan Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1400 Monaghan Rd?
1400 Monaghan Rd is in Peterborough, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1400 Monaghan Rd been on the market?
1 day — 1400 Monaghan Rd was listed on October 21, 2026.
What is the lot size of 1400 Monaghan Rd?
The lot is 25.995 acres, as published in the listing.
What is the land transfer tax on 1400 Monaghan Rd?
About $0 in Ontario land transfer tax at the asking price of $1. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 1400 Monaghan Rd or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 1400 Monaghan Rd?
The listing for 1400 Monaghan Rd doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Peterborough.
