Description

Approximately 15-acre/25 Acre property is Site Plan Approved. Fully engineered industrial site located just 2km from Highway 401 in Cambridge. This property distinguishes itself through its unique corporate history and immediate build-readiness. Formerly owned by BlackBerry and originally designed as a data center, the land features comprehensive backfilling and engineering that eliminates the typical delays and costs associated with site preparation. Previous zoning by-law amendment obtained M2 and M3 Zoning uses to be permitted. With existing site plan approvals in place, the path to building permits is streamlined, offering a distinct shovel-ready advantage over raw land competitors. Whether the intended end-use is a manufacturing facility requiring zoned outdoor storage lands, or a revived data center project, this asset delivers corporate-grade infrastructure and regulatory clarity. (id:66096)

Features

Lot Features: Cul-de-sac, Corner Site, Visual exposure, Industrial mall/subdivision

Services

Water: None
Sewer: Municipal sewage system
Utilities: Water, Natural Gas

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

176d

Cambridge listings, avg age

57d

List price

$18M

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.

Area context

Neighbourhood profile (N1T)

This home lists at $18,000,000, about 145.2× the local median household income of $124,000.

Carrying it typically needs a household income of about $3,516,030 (20% down, 25-yr amortization, stress-tested) — roughly 2736% above the area median.

Median household income: $124,000
Population: 18,513
Median age: 37.2
Owner / renter: 84% / 16%
Avg. household size: 3.3

Source: Statistics Canada, 2021 Census (FSA N1T)

$18,000,000

For sale

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Financing

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