1720 BEAVERDALE Road, Cambridge, Ontario, N3C2V3




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$6,000,000
Cambridge
This home in Cambridge is for sale. It has been on the market 37 days, fresher than the Cambridge average of 57 days.
**RARE 15+ ACRE LAND OPPORTUNITY IN CAMBRIDGE’S GROWTH CORRIDOR.** An exceptional opportunity to acquire approximately 15.38 acres with approximately 597 feet of frontage on Beaverdale Road, strategically positioned near the rapidly evolving Maple Grove Road corridor. Currently zoned R1 and OS1, this substantial property offers exciting long-term potential for developers, builders, investors and land bankers. The surrounding area is experiencing significant infrastructure investment and planning activity, including the Region of Waterloo’s major Maple Grove Road improvements and the City of Cambridge’s ongoing planning and servicing studies for growth in the broader area. Beaverdale Road has also been identified in the City’s Transportation Master Plan for future corridor improvements. With Cambridge and Waterloo Region continuing to plan for future residential growth, this property presents an opportunity to secure a sizeable landholding in an area positioned for continued evolution. Its generous frontage and proximity to existing and planned residential communities, employment lands, major transportation routes and amenities further enhance its strategic appeal. The property includes an existing residence, as is and no access will be granted.; value is primarily attributed to the land and its long-term potential. **An opportunity to invest today in a location that could play a role in Cambridge’s growth tomorrow.** (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Extended: 37 days on market, against an average age of 57 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 32 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 99.8 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This single family in Cambridge has been listed for 37 days, which is 20 days fresher than the city average of 57. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $6,000,000, about 52.6× the local median household income of $114,000.
Carrying it typically needs a household income of about $1,172,010 (20% down, 25-yr amortization, stress-tested) — roughly 928% above the area median.
Source: Statistics Canada, 2021 Census (FSA N3C)
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Loading rates, 30-yr amortization
Cash Needed to Close
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