PRIME DEVELOPMENT OPPORTUNITY IN HESPELER, CAMBRIDGE 4.67 Acres. Discover the possibilities with this impressive 4.67-acre parcel in desirable Hespeler, Cambridge. Offering multiple zoning designations and significant residential development potential, this property presents an exciting opportunity to explore your next project in one of Cambridge’s growing communities. VERSATILE ZONING: RM4-Intended for a range of multiple-unit residential uses; R5-Permits detached, semi-detached, and triplex dwellings; OS4-Designated for public Neighbourhood parks and recreational spaces. Under the City of Cambridge’s current zoning framework, a low- to medium-density residential designation may support densities of up to 40 units per gross hectare, subject to applicable policies, zoning regulations, and approvals. This provides an exciting starting point for evaluating the site's development potential. The property is ideally situated in Hespeler, combining neighbourhood appeal with convenient access to key amenities and transportation routes. The planned extension of McMeeken Drive to River Road could enhance access and connectivity in the area. Enjoy Nature at your doorstep with proximity to the Speed River and scenic walking trails. Walk to downtown Hespeler’s shops, restaurants, and modern public library. Approximately five minutes to Highway 401, with convenient connections to Guelph, Kitchener, Waterloo, and surrounding areas. Located in an established, family-friendly community with continued growth and evolving housing demand. A RARE OPPORTUNITY TO BRING YOUR VISION TO LIFE With its substantial land area, multiple zoning designations, and desirable Hespeler location, this property offers developers and investors an opportunity to explore a range of potential residential concepts. (id:66096)
Property Details
MLS®
40874201
Property Type
Vacant Land
Zoning
R5, RM4, SO4
Frontage
193 ft
Basement
None
Ownership
Freehold
Property Tax
$8,604.3/yr
Listed
6 days ago
Features
Lot Features
Country residential
Services
Water
Well
Sewer
Septic System
Utilities
Natural Gas, Electricity
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
6d
Cambridge listings, avg age
57d
List price
$3.40M
Just listed: 6 days on market, against an average age of 57 days across the listings currently for sale in this city
Market timing · days on market0 → 57d avg age of current listings
Just listed · day 6
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 6 days, which is 51 days fresher than the city average of 57. Act while there is still low competition.
Listed by Re/Max Real Estate Centre Inc. · LIDIA ADAMSKA
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (N3C)
This home lists at $3,400,000, about 29.8× the local median household income of $114,000.
Carrying it typically needs a household income of about $664,139 (20% down, 25-yr amortization, stress-tested) — roughly 483% above 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)
$3,400,000
For sale
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Financing
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