Cambridge Listings

Main Photo: 683 Preston Parkway in Cambridge: 53 - Preston South Residential for sale (15 - Preston)  : MLS®# 40866904
Status:
Active
Prop. Type:
Land
MLS® Num:
40866904
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.
Property Type:
Land
Property SubType:
Residential
Listing General Location:
53 - Preston South, 15 - Preston
Bathrooms:
- (Full:-/Half:-)
Lot Size:
1.7 acre(s)
Lot Details:
113.27 x
Lot Frontage:
113'3¼"
Frontage Type:
East
Kitchens:
0
County Or Parish:
Waterloo
Features:
Crops Included: No, Garage: No, New Construction: No
Number of Buildings:
0
Fireplace:
false
Water Supply:
None
Sewer:
None
false
No
No
Features:
Crops Included: No, Garage: No, New Construction: No
Condo Corporation:
No
Zoning:
R2
Total Acres:
1.7
Utilities:
None
Lot Site Features:
Urban, Pie Shaped Lot, High Traffic Area, Highway Access, Public Transit
Soil Test:
No
Features:
Crops Included: No, Garage: No, New Construction: No
Listed Date:
Sep 29, 2026
  • Photo 1: 683 Preston Parkway in Cambridge: 53 - Preston South Residential for sale (15 - Preston)  : MLS®# 40866904
    Photo 1 of 1
Listed by RE/MAX Twin City Realty Inc.
Data was last updated September 30, 2026 at 01:50 AM (UTC)