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Investment Highlights

  • Vacant site with all buildings demolished
  • Central downtown location with strong fundamentals
  • Located within Strategic Growth Area – Downtown Core

Executive Summary

Power of sale offering for 120 Murray Street in Peterborough. Located within the Official Plan Strategic Growth Area – Downtown Core, the property supports redevelopment and intensification. The site is currently vacant with previous structures demolished, offering a true blank slate for a purchaser. A concept plan contemplates an 18-storey development comprising approximately 670 apartment units, subject to approvals. This is a rare opportunity to acquire a prominently located downtown site with the ability to advance a large-scale redevelopment project in a core urban node.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 0.73 AC
Zoning PS.2 - Public Service

1 Lot Available

Lot

Lot Size 0.73 AC

Power of sale offering for 120 Murray Street in Peterborough. Located within the Official Plan Strategic Growth Area – Downtown Core, the property supports redevelopment and intensification.

Description

Prominently positioned directly across from Peterborough City Hall, the property benefits from immediate adjacency to key city buildings, including municipal offices, institutional uses, and government services that anchor the downtown core. The surrounding area is characterized by a strong mix of civic, commercial, and service-oriented uses, creating consistent daytime activity and long-term stability. The site’s central location provides walkable access to restaurants, retail, transit, and essential services, making it a focal point within the city’s urban structure. As part of the Strategic Growth Area – Downtown Core, the location is a priority for ongoing investment and intensification, reinforcing its importance within Peterborough’s long-term growth strategy. The immediate proximity to civic infrastructure and established amenities positions the property as a highly visible and accessible redevelopment site within the city’s primary node.

Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
  • Listing ID: 40525447

  • Date on Market: 2026-05-14

  • Last Updated:

  • Address: 120 Murray St, Peterborough, ON K9H 2S5

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