An exceptional infill development opportunity in Cambridge, comprising 355 Guelph Avenue and 11 Fletcher Circle (offered as a combined 0.59-acre / 0.24-hectare parcel). Rezoned to RM4 (Site-Specific Provision S4.1.421) in March 2022, the site is positioned for an 8-unit freehold townhouse project. Consent applications (B02/25 through B08/25) received staff-recommended approval in June 2025 and remain valid until June 18, 2027. Significant preliminary engineering and regulatory hurdles have been cleared to accelerate project timelines. The existing house on the property is vacant and sold strictly "as is, where is." Favorable Seller VTB (Vendor Take-Back) financing is available to qualified buyers, offering strategic leverage to optimize project yields. This opportunity represents a streamlined acquisition for builders looking to deliver premium missing-middle housing in the Waterloo Region.
| MLS # | 40828186 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Days On Site | 165 |
| Listing Provided By | RE/MAX REAL ESTATE CENTRE INC. | Terry Riddoch |
| Zoning | RM4 |
|---|---|
| Acreage | 0.45 |
| Cooling Yes / No | No |
|---|
| Lot Features | Urban, Schools |
|---|
| Utilities | At Lot Line-Gas, At Lot Line-Hydro |
|---|---|
| Sewer | Sewer (Municipal) |
| Tax Annual Amount | 5666.31 |
|---|
| Province | ON |
|---|---|
| County | Waterloo |
| City | Cambridge |
| Postal Code | N3C 2V3 |
| Area | 14 Hespeler |
| Subarea | 44 Blackbridge | Fisher Mills | Glenchristie | Hagey | Silver He |
| Community Name | 44 Blackbridge/Fisher Mills/Glenchristie/Hagey/Silver Heights |
| Listing VS Median (in 44 Blackbridge/Fisher Mills/Glenchristie/Hagey/Silver Heights) | |
Price: $1,199,000 low | high Med: $690,000 On site: 165 low | high Med: 10 | |
| Province | ON |
|---|---|
| County | Waterloo |
| City | Cambridge |
| Postal Code | N3C 2V3 |
| Area | 14 Hespeler |
| Subarea | 44 Blackbridge | Fisher Mills | Glenchristie | Hagey | Silver He |
| Community Name | 44 Blackbridge/Fisher Mills/Glenchristie/Hagey/Silver Heights |
| Listing VS Median (in 44 Blackbridge/Fisher Mills/Glenchristie/Hagey/Silver Heights) | |
Price: $1,199,000 low | high Med: $690,000 On site: 165 low | high Med: 10 | |