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 compliance)
- From minutes
- Approved
- Apr 13, 2026
The 30-second brief
The City of Peterborough 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 an Affordable Housing Facility Agreement. The mortgage will be fully forgivable after a 20-year term provided the organization complies with the agreement conditions.
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 compliance)
- Document date
- April 13, 2026
- Term
- 20-year term under Affordable Housing Facility Agreement
- Agency
- City of Peterborough
- Source document
- City of Peterborough General Committee Minutes 2026-04-13 (Minutes)
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 13, 2026. The contract value is $410,000 sale price; $200,000 vendor take-back mortgage (fully forgivable after 20 years subject to compliance).
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 compliance).
What type of contract is this?
This is a government contract, documented as a minutes record.
Where was this contract approved?
This contract appears in City of Peterborough General Committee Minutes 2026-04-13 (Minutes), dated April 13, 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.