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$ 7,300,000
Est. payment | /mo
1 SqFt
$ 7,300,000
Est. payment | /mo
1 SqFt
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $7,300,000
MLS Listing ID X11973086
Annual Tax Amount $3,371
Tax Year 2024
Property Sub-Type Land
Property Description
61-65 Nottinghill Drive (the "Property" or "Site") in Cambridge, Ontario represents a rare opportunity to acquire a medium density, residential development site in a rapidly growing market in Southwestern Ontario. Situated within the Moffat Creek neighbourhood the 1.98 acre Site possess as of right zoning permitting mixed terraces (stacked towns) and apartments. Concepts yield between 106-116 townhouse units comprising up to 123,570 SF of potential GFA with 130-136 parking spaces. Additionally, the construction of a 6-storey apartment for purpose-built rentals or condominiums could be pursued yielding up to 214 units. With frontages on the south side of Main Street and west side of Nottinghill Drive, this corner location is slated for inclusion within Main Street and Dundas Street Community Node of Cambridge. The area has experienced significant development investment in recent years, with numerous residential subdivisions surrounding the Property.
Location
Province ON
County Waterloo
Area Waterloo
Zoning (H) RM2
Exterior
Utilities Available None
Lot Frontage 174.0
Lot Depth 500.0
Listed by CBRE LIMITED
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