REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Anurag Sharma • RE/MAX Twin City Realty Inc.
$ 899,000
Est. payment /mo
New
683 Preston Parkway Cambridge, ON N3H 4X3
1.7 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 40866904
Annual Tax Amount $9,353
Lot Size 1.700 Acres
Acres 1.7
Property Sub-Type Residential
Source Cornerstone
Property Description
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.
Location
Province ON
County Waterloo
Area 15 - Preston
Zoning R2
Rooms
Kitchen 0
Interior
Fireplace No
Exterior
Utilities Available None
Lot Frontage 113.27
Garage No
Building
Lot Description Urban, Pie Shaped Lot, High Traffic Area, Highway Access, Public Transit
Sewer None
Water None
New Construction No
Others
Senior Community No
Tax ID 226510469
Ownership Freehold/None
Copyright 2026 Information Technology Systems Ontario, Inc.
NEARBY SCHOOLS & PROPERTIES
GET MORE INFORMATION