404 RIVER Road, Cambridge, Ontario, N3C2B7

Property Description

ATTENTION DEVELOPERS & BUILDERS – PRIME DEVELOPMENT OPPORTUNITY! Unlock the potential of this 4.67-acre parcel ideally located in desirable Hespeler, Cambridge. With versatile zoning and excellent development prospects, this property is ready for your next residential project. Multiple zoning: RM4 – Ideal for multiple-unit residential buildings (excluding apartments), R5 – Permits detached, semi-detached, or triplex dwellings, OS4 – Designated for public neighbourhood parks and recreational spaces. Current City of Cambridge Zoning By-Law allows up to 40 units per gross hectare under a low/medium density residential designation. Future Potential - Planned extension of McMeeken Drive to River Road will enhance access and visibility. Nestled near the Speed River and scenic walking trails, walking distance to downtown Hespeler with shops, restaurants, and a state-of-the-art library. Just 5 minutes to Hwy 401 – quick access to Guelph, Kitchener, and Waterloo. Family-friendly area with strong community growth. This property is a rare opportunity to invest in one of Cambridge’s fastest-growing areas. (id:64974)

Quick Facts

• Property Type: Vacant Land
• Bedrooms: None
• Bathrooms: None
• Ownership: Freehold
• Frontage: 193 ft (58.8 m)

Costs

• Annual Taxes: $7,894.00

Listing Provided by: RE/MAX REAL ESTATE CENTRE INC., BROKERAGE
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.