361 QUEEN Street West, Cambridge - Vacant Land for Sale

361 QUEEN Street West, Cambridge, Ontario, N3C1G6

23,087 sq ft (0.53 ac) lotListed Today

Overview

This lot in Cambridge is for sale. It has been on the market 0 days, fresher than the Cambridge average of 57 days.

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Description

Looking to build for the future in a key growing area? Then consider exploring a real potential with this 0.53 Acre prime parcel located in one of Cambridge most connected node right off Hwy 401. Within a R4 zoning, this property could be a great prospect for ambitious Visionaries seeing the real opportunity and looking for an exciting investment project. With this standout lot, Developers and Builders can unlock hidden development capacity through innovative design and tailored planning proposals to fully realize the property's potential. 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. Don’t forget … 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). Please note that the home and property are being sold in WHERE IS & AS IS condition. (id:66096)

Property Details

MLS®: 40876341
Property Type: Vacant Land
Zoning: R4
Lot Size: 23,087 sq ft (0.53 ac)
Frontage: 66 ft
Price per Acre: $943,199 per acre
Basement: None
Ownership: Freehold
Property Tax: $4,355.08/yr
Listed: Today

Services

Water: Municipal water
Sewer: Municipal sewage system
Utilities: Natural Gas, Electricity, Cable, Telephone

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Cambridge listings, avg age

57d

List price

$500K

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.

Haho

This vacant land in Cambridge has been listed for 0 days, which is 57 days fresher than the city average of 57. Act while there is still low competition.

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Listed by Peak Realty Ltd. · REMUS CIMPAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3C)

This home lists at $499,900, about 4.4× the local median household income of $114,000.

Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $114,000
Population: 27,518
Median age: 38.8
Owner / renter: 84% / 16%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA N3C)

$499,900

For sale

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Financing

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