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$ 4,295,000
Est. payment | /mo
$ 4,295,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID X12454394
Annual Tax Amount $19,624
Tax Year 2025
Property Sub-Type Land
Property Description
30 & 36 Concession Street is a 0.68-acre high-density residential development site strategically located in downtown Cambridge. The site is positioned 400 metres from the proposed Ainslie Terminal on the new ION Stage 2 LRT extension, which will connect Cambridge and Kitchener-Waterloo to the Greater Toronto Area and the downtown core. The existing ownership has development concepts contemplating up to 25 storeys, comprising 312 residential units. Developers have the option to execute the existing plans or explore the potential to revise the design and add density beyond what has previously been contemplated. The property is currently improved with a car wash and two residential rental properties, offering in-place holding income during the entitlement phase. The vendor is open to a potential vendor take-back mortgage.
Location
Province ON
County Waterloo
Area Waterloo
Zoning C1RM1
Exterior
Utilities Available Yes
Lot Frontage 273.21
Lot Depth 189.19
Others
ParcelsYN No
Listed by JONES LANG LASALLE REAL ESTATE SERVICES, INC.