355 GUELPH Avenue

Blackbridge/Fisher Mills/Glenchristie/Hagey/Silver Heights, Cambridge · MLS® 40828186

0 sq ft lot · Land · Vacant Land · 166 days on market

listed by TERRY RIDDOCH, Re/Max Real Estate Centre Inc.

realtor's description

An exceptional infill development opportunity in Cambridge, comprising 355 Guelph Avenue and 11 Fletcher Circle (offered as a combined 0.59-acre / 0.24-hectare parcel). Rezoned to RM4 (Site-Specific Provision S4.1.421) in March 2022, the site is positioned for an 8-unit freehold townhouse project. Consent applications (B02/25 through B08/25) received staff-recommended approval in June 2025 and remain valid until June 18, 2027. Significant preliminary engineering and regulatory hurdles have been cleared to accelerate project timelines. The existing house on the property is vacant and sold strictly as is, where is. Favorable Seller VTB (Vendor Take-Back) financing is available to qualified buyers, offering strategic leverage to optimize project yields. This opportunity represents a streamlined acquisition for builders looking to deliver premium missing-middle housing in the Waterloo Region.

property details

type: Land, Vacant Land
lot: 0 sq ft
parking: 0
property tax: $5,666 / yr
days on market: 166
MLS®: 40828186

monthly cost

$5,696/mo

Mortgage $5,224 · Tax $472

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$5,224/ monthly

loan $959,200

25-year amortization

down payment20% · $239,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $607,978
cash to close: $239,800; down payment; transfer tax and fees not included
total paid: $1,567,178

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.