City Sells 705 Sherbrooke With Forgivable Mortgage
City of PeterboroughCity · Peterborough, ON- Disclosed value
- $410,000 sale price; $200,000 vendor take-back mortgage (fully forgivable after 20 years subject to terms)
- From agenda
- Approved
- Apr 20, 2026
The 30-second brief
Peterborough Council approved the sale of 705 Sherbrooke Street to One City Community Development Services for $410,000, including a $200,000 vendor take-back mortgage tied to affordable housing commitments. The mortgage will be fully forgivable after a 20-year term if the organization complies with the Affordable Housing Facility Agreement.
One City Community Development Services holds this contract with City of Peterborough.
Term as filed: 20-year term under Affordable Housing Facility Agreement.
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Contract details
- Amount
- $410,000 sale price; $200,000 vendor take-back mortgage (fully forgivable after 20 years subject to terms)
- Document date
- April 20, 2026
- Term
- 20-year term under Affordable Housing Facility Agreement
- Agency
- City of Peterborough
- Source document
- City of Peterborough City Council Meeting Agenda 2026-04-20 (Agenda)
One City Community Development Services's other public contracts
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Questions about this contract
Who was awarded the government contract by City of Peterborough?
One City Community Development Services was awarded this government contract by City of Peterborough, as recorded on April 20, 2026. The contract value is $410,000 sale price; $200,000 vendor take-back mortgage (fully forgivable after 20 years subject to terms).
How much is the One City Community Development Services contract with City of Peterborough worth?
The One City Community Development Services contract with City of Peterborough is valued at $410,000 sale price; $200,000 vendor take-back mortgage (fully forgivable after 20 years subject to terms).
What type of contract is this?
This is a government contract, documented as a agenda record.
Where was this contract approved?
This contract appears in City of Peterborough City Council Meeting Agenda 2026-04-20 (Agenda), dated April 20, 2026 from City of Peterborough. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does One City Community Development Services hold?
One City Community Development Services may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Peterborough currently buying?
Explore City of Peterborough's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.