Description

Prime 1.78-Acre Potential Residential Development Opportunity! Exceptional opportunity to acquire a 1.78-acre residential parcel currently improved with a two-bedroom home. Ideally situated in an established and desirable neighbourhood, the property is conveniently located near John Erb Park, Parkway Public School, public transit, golf courses, shopping, and numerous other amenities. Excellent connectivity with easy access to Highways 401 and 8, just minutes away. The property's R2 zoning offers potential for a variety of residential development concepts, subject to municipal approvals. Two access points from Limerick Rd and Halberstadt Circle. With its substantial lot size, strategic location, and future redevelopment potential, this property presents an outstanding opportunity for builders, developers, and investors looking to secure a sizeable residential development site in a well-connected and sought-after community. (id:66096)

Market Timing

Days on market

15d

Cambridge listings, avg age

57d

List price

$3.30M

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 99.9 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This vacant land in Cambridge has been listed for 15 days, which is 42 days fresher than the city average of 57. Act while there is still low competition.

Set a price alert Book a showing

Area context

Neighbourhood profile (N3H)

This home lists at $3,300,000, about 40.2× the local median household income of $82,000.

Carrying it typically needs a household income of about $644,606 (20% down, 25-yr amortization, stress-tested) — roughly 686% above the area median.

Median household income: $82,000
Population: 24,306
Median age: 40.8
Owner / renter: 62% / 38%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N3H)

$3,300,000

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Financing

Need a commercial mortgage?

Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.

Inquire about financing →

Planning to build?

Before you offer on a development site, know what you can build. PreBuildIQ delivers zoning verdicts and required study scopes for any Ontario address in 60 seconds.

Check your site with PreBuildIQ →

216 LIMERICK Road, Cambridge - Vacant Land for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N3H)

Book a showing

Need a commercial mortgage?