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193 Water ST S Cambridge, ON N1R 3L7
UPDATED:
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID X13504496
Annual Tax Amount $4,746
Tax Year 2025
Property Sub-Type Land
Property Description
Colliersis pleased to present the opportunity to acquire a 100% freehold interest in 193 Water Street South, Cambridge, Ontario (the "Property" or "Site"). The 5.06-acre Site comprises three land parcels and is improved with a detached dwelling fronting onto Highman Avenue, with the remaining lands vacant and unimproved. The Site is OPA and ZBA approved, permitting the development of five 15-storey residential apartment buildings containing a total of 991 residential units. The Site is located east of Water Street South and west of Highman Avenue, within an area characterized by a mix of established residential neighbourhoods, parks, and amenities, and is a 10-minute walk from Downtown Cambridge. The location offers strong regional connectivity via Highway 8 and Highway 401, accessible within a 7-minute drive, providing efficient access across the Region of Waterloo and the Greater Toronto Area. Convenient access to public transit is available, with a bus stop located 300 metres away and the Ainslie Street Bus Terminal located 1 kilometre from the Site. The planned future Light Rail Transit (LRT) extension is expected to further enhance connectivity, with a stop anticipated near the Ainslie Terminal within walking distance.
Location
Province ON
County Waterloo
Area Waterloo
Exterior
Utilities Available Yes
Lot Frontage 761.33
Lot Depth 439.54
Others
ParcelsYN No
Listed by COLLIERS