683 Preston Parkway,Cambridge, ON N3H 4X3
Cambridge, ON N3H 4X3
Description
An exceptional opportunity to acquire approximately 1.105 acres of strategically located development land along King Street East, surrounded by established residential communities and an extensive range of schools, parks, shopping, transit, services, and everyday amenities. The property is currently zoned R2 - Medium-High Density Residential, offering the potential for a range of multiple-unit residential uses. The R2 zoning adds significant appeal for builders, developers, and investors seeking land with residential development potential. With approximately 1.105 acres of land, the property provides a variety of future residential concepts, subject to applicable zoning provisions, municipal requirements and all required approvals. Its location along King Street East provides convenient connectivity while placing future residents within close proximity to schools, parks, public transit, shopping, restaurants and other essential amenities. The combination of substantial land area, R2 Medium-High Density Residential zoning, established surrounding neighbourhoods, and convenient access to major amenities makes this an opportunity to investigate the possibilities for future residential development. Whether you are a builder looking for your next project, a developer seeking a strategically positioned residential parcel or an investor exploring long-term development potential, this property offers an opportunity to secure a sizeable development site in an established and desirable location. Development potential is subject to municipal approvals, zoning compliance, permitted-use requirements, site plan approval, servicing and infrastructure capacity, environmental and technical requirements, and all other applicable approvals and regulations. A rare opportunity to acquire and explore the potential for future residential development in a well-established and highly connected area.
Details
| MLS # | 40866904 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 27 |
| Listing Provided By | RE/MAX Twin City Realty Inc. | Anurag Sharma |
Features
| Zoning | R2 |
|---|---|
| Acreage | 1.70 |
Interior
| Cooling Yes / No | No |
|---|
Exterior
| Lot Features | Urban, Pie Shaped Lot, High Traffic Area, Highway Access, Public Transit |
|---|
Utilities
| Utilities | None |
|---|---|
| Sewer | None |
Taxes
| Tax Annual Amount | 9353 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Waterloo |
| City | Cambridge |
| Postal Code | N3H 4X3 |
| Area | 15 Preston |
| Subarea | 53 Preston South |
| Community Name | 53 Preston South |
| Listing VS Median (in 53 Preston South) | |
Price: $899,000 low | high Med: $499,950 On site: 27 low | high Med: 26.5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Waterloo |
| City | Cambridge |
| Postal Code | N3H 4X3 |
| Area | 15 Preston |
| Subarea | 53 Preston South |
| Community Name | 53 Preston South |
| Listing VS Median (in 53 Preston South) | |
Price: $899,000 low | high Med: $499,950 On site: 27 low | high Med: 26.5 | |
