Preston Heights, Cambridge · MLS® 40872737
2 sq ft lot · Land · Vacant Land · 4 days on market
listed by LESTER TOBIN, Coldwell Banker Peter Benninger Realty
Prime 1.78-Acre 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.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
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Walkability 0/100 · Car needed for most errands
Nothing everyday within a 10 minute walk.
mihom score from OpenStreetMap places, by straight line distance.
nothing comparable on the market right now.