Description

539 George Street North, a prime multi-residential development site locate in the heart of downtown Peterborough. The 0.59-acre parcel is zoned for a six-storey purpose-built rental building comprising 95 residential suites and 2,717 sq. ft of ground-floor retail, with 32 parking stalls and 10 affordable housing units. The property offers significant value through available incentives, including exemption from development charges until January 2027 and eligibility for the Brownfield Tax Incentive Program (BTIP) and Central Area Revitalization Grant Program (TARP). Key technical reports-including geotechnical, environmental, archaeological, and stormwater management-have been completed, positioning the project to advance efficiently toward Site Plan Agreement. Ideally situated between London Street and McDonnel Street, the site is within walking distance to Peterborough City Hall, Confederation Square, and the Peterborough Armory, and offers convenient access to Trent University and Fleming College, supporting strong and diverse rental demand