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$ 1,399,000
Est. payment | /mo
$ 1,399,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID X13065006
Annual Tax Amount $29,570
Tax Year 2025
Property Sub-Type Land
Property Description
Rare opportunity to acquire a cleared, shovel-ready development parcel in the heart of Preston, Cambridge's fastest-evolving transit-oriented corridor. This 20,193 sq ft (0.464 acre) corner lot delivers 133.95 ft of premium frontage on King Street East with additional exposure on Lowther St E, offering irreplaceable visibility and access. Zoned C1RM2 (Commercial / Multi-Residential) with a Mixed Use (Including Residential) Official Plan designation and Major Transit Station Area (MTSA) overlay, the site offers developers the potential of a wide variety of build options. Strategically positioned, the property is within walking distance of the planned Stage 2 ION LRT station at King Street East and Eagle Street in addition to the Preston downtown core, schools, shopping, restaurants, parks and grocery. Highway 401 access in 5 to 7 minutes; Site is currently vacant, cleared, and ready for design. Phase II ESA, Archaeological Report as well as survey available to qualified purchasers under confidentiality.
Location
Province ON
County Waterloo
Area Waterloo
Exterior
Community Features Major Highway, Public Transit
Utilities Available Available
Lot Frontage 133.95
Lot Depth 157.0
Others
ParcelsYN No
Listed by RE/MAX Real Estate Centre Inc.
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