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683 PRESTON Pkwy in Cambridge for sale

Asking price
$899,000
Estimate (Sep 29)
$911,766
MLS #:
X13840774
Type:
Vacant Land, Other
Waterloo
An exceptional opportunity to acquire approximately 1.105 acres of strategically located development land along King Street East, surrounded by established residential communities and an extensive range of schools, parks, shopping, transit, services, and everyday amenities. The property is currently zoned R2 - Medium-High Density Residential, offering the potential for a range of multiple-unit residential uses. The R2 zoning adds significant appeal for builders, developers, and investors seeking land with residential development potential. With approximately 1.105 acres of land, the property provides a variety of future residential concepts, subject to applicable zoning provisions, municipal requirements and all required approvals. Its location along King Street East provides convenient connectivity while placing future residents within close proximity to schools, parks, public transit, shopping, restaurants and other essential amenities. The combination of substantial land area, R2 Medium-High Density Residential zoning, established surrounding neighbourhoods, and convenient access to major amenities makes this an opportunity to investigate the possibilities for future residential development. Whether you are a builder looking for your next project, a developer seeking a strategically positioned residential parcel or an investor exploring long-term development potential, this property offers an opportunity to secure a sizeable development site in an established and desirable location. Development potential is subject to municipal approvals, zoning compliance, permitted-use requirements, site plan approval, servicing and infrastructure capacity, environmental and technical requirements, and all other applicable approvals and regulations. Buyers and their representatives are advised to conduct their own independent due diligence. A rare opportunity to acquire and explore the potential for future residential development in a well-established and highly connected area.

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  • Date Listed: Tuesday, September 29, 2026
  • Listing Brokerage: Re/Max Twin City Realty Inc. - Disclaimer: The information contained in this listing has not been verified by Re/Max Twin City Realty Inc. and should be verified by the buyer.
  • City: Cambridge

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  • Major Intersection: Fountain Street S
  • Full Address: 683 PRESTON Pkwy, Cambridge, N3H 4X3, ON, Canada
  • Amenities:
  • Taxes: $9,353.00 (2026)

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