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$ 9,750,000
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725-775 Main ST E Cambridge, ON N1R 5S7
4 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 4 sqft
Price per Sqft $2,437,500
MLS Listing ID X12141011
Annual Tax Amount $6,631
Tax Year 2024
Property Sub-Type Land
Property Description
725 & 775 Main Street East, Cambridge represents a 4.2-acre greenfield development opportunity. Recently, the Region of Waterloo and City of Cambridge approved a ZBA and OPA with site specific provisions to facilitate the development of an apartment building and stacked townhouse buildings for a total of 233 dwelling units on the Site. Concepts illustrate a 7-storey apartment building featuring 99 units and several townhouse blocks for 88 units for a total of 187 units. The recently approved Secondary Plan for Main and Dundas permits up to a maximum of 20 storeys. Located just outside of Cambridge's east Galt neighbourhood, the property enjoys proximity to urban amenities, including restaurants, shopping centres, and the future Cambridge Recreational Complex. The Property boasts convenient access to various greenspaces, situated a short distance from the Moffat Creek Trail Network and Shade's Mills Conservation Area.
Location
Province ON
County Waterloo
Area Waterloo
Zoning Multiple Residential 3 (H) RM3)
Exterior
Utilities Available Available
Lot Frontage 262.7
Lot Depth 609.2
Listed by CBRE LIMITED