344 Queen Street W Cambridge, Ontario N3C 1G8

$895,000

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. (id:55460)

Property Details

MLS® Number	X13775608
Property Type	Vacant Land
Amenities Near By	Highway, Public Transit
Equipment Type	Water Heater
Rental Equipment Type	Water Heater

Building

Utility Water

Municipal Water

Land

Acreage	No
Land Amenities	Highway, Public Transit
Sewer	Sanitary Sewer
Size Depth	207 Ft
Size Frontage	82 Ft ,2 In
Size Irregular	0.37
Size Total	0.37 Ac
Size Total Text	0.37 Ac
Zoning Description	R-4

https://www.realtor.ca/real-estate/30269851/344-queen-street-w-cambridge