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$ 699,900
Est. payment | /mo
8,712 Sqft Lot
$ 699,900
Est. payment | /mo
8,712 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision 30 - Elgin Park/Coronation
MLS® Listing ID 40816152
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type Freehold
Property Description
Carry the property while you plan. Build when you're ready. Development-focused opportunity in a proven end-user location in Cambridge, with concept plans available for four freehold townhomes (not approved yet). Located within Cambridge's updated R2 zoning framework, supporting low-density residential development and aligning with current housing intensification initiatives. Proposed plans feature four freehold townhomes, each approximately 1,783 sq ft with 3 bedrooms, 2.5 bathrooms, open-concept layouts, attached garages, and walk-out basement potential—an ideal product for today's buyer. Positioned to take advantage of current new construction incentives, including potential HST rebates for end users, supporting strong resale demand. The property sits on an 80 ft x 110 ft lot and backs onto a laneway, offering flexibility for site design and access. Survey, site plan, and architectural drawings are available. An existing 5-bedroom, 2-bath bungalow is currently configured as a 2-unit property with a walk-out basement and separate access. The home is vacant and offers flexibility for holding, rental income, or financing during the planning and permit phase. Located in an established neighbourhood with strong fundamentals, within walking distance to schools and parks, access to transit nearby, and minutes to shopping, amenities, and major routes—supporting long-term end-user demand. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Exterior
Parking Features No
Community Features High Traffic Area
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by RE/MAX REAL ESTATE CENTRE INC., BROKERAGE
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