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    For Sale - 344 Queen Street, Cambridge, Ontario

    Est payment $4,298/mo
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    Views   1
    Time on Jump  10 day

    AI Summary *

    • Prime 0.37-acre lot near Hwy 401 with high visibility.
    • Positive city support for a proposed 10 stacked townhome development.
    • Property currently generates rental income during planning stages.
    • Located near major amenities and historic redevelopment projects.
    • Potential for innovative designs and increased density options.




    Real opportunity to build on this 0. 37 acres prime parcel located in one of cambridge most connected node right off hwy 401. A standout high-exposure & well-suited lot for builders & developers looking to construct multi-unit residential or higher-density housing in a high-demand, growing area. A proposed apartment building development of 10 stacked townhomes has received positive support from the city representatives for rezoning to permit increased density. But developers can further explore additional development capacity through innovative design solutions and customized planning proposals. *** a major benefit is the property's great current condition, which allows it to generate rental income while the development plans are finalized. *** and don't forget about the approved plan for hespeler road corridor, an innovative project designed to transform this suburban identity (redevelop, modernize, extend the lrt to hespeler, create new opportunities, and more). Positioned across from the major historic textile factory redevelopment project, this site backed with a strong economy, offers exceptional lifestyle appeal - just steps from all major amenities. Buyers to satisfy themselves regarding all zoning, permitted uses, and required city permits or approvals with the city of cambridge for any intended future use.
    Listing IDX13775608
    Address344 Queen Street
    CityCambridge, Ontario
    Price$895,000
    StyleLand
    Land Size0.37
    TypeVacant Land
    StatusFor Sale

    Subtype LandCommunity Features Major Highway, Public TransitSewer Sanitary

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    Listing Agency:  PEAK REALTY LTD.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    344 Queen Street
    Cambridge , Ontario
    $895,000
    Get more info