$1,199,900

About this listing

Attention investors, developers, and custom builders: good things come to those who wait, but the wait is officially over. This prime 0.68-acre parcel features a massive 223 feet of frontage on scenic River Road in Cambridge's highly sought-after Hespeler node, plus a strategic backyard adjacent to an additional 200 feet of road frontage. Positioned for multiple slam-dunk severances within the River Road Secondary Plan, this property represents a clear, high-yield investment play under R2 zoning guidelines. Real estate developers can confidently analyze splitting this substantial footprint into multiple spacious, one-hundred-foot-plus lots. The crucial groundwork for severance is already complete, with architectural drawings and the official pre-consultation package readily available for review. While you finalize your build strategy or land-bank this stable asset in an expanding municipality, you can capitalize on immediate market readiness by renting out the existing luxury residence for premium yield. The single-family detached dwelling features a highly functional 3-bedroom plus Den, 3-bathroom layout that is completely turn-key and perfect for multi-generational families or high-end leasing. The main level balances designated formal areas with open living spaces, connecting directly to an updated kitchen equipped with a modern center island, stone countertops, and stainless steel appliances. Principal rooms are finished with resilient, contemporary flooring, large windows for natural light, and updated neutral paint tones throughout. The primary bedroom features a private ensuite bathroom, while the additional bedrooms offer versatility for home office use or a growing family. Beyond the main home, the expansive acreage includes a substantial detached garage offering immediate utility for hobbyists or extra storage. The massive property footprint also boasts incredible potential.

Property details

Days on market

5 days

Property taxes

$5,595/yr (2026)

Lot size

224.45 × 132.24 Feet

Style

2-Storey

Heating

Forced Air (Gas)

Cooling

Central Air

Basement

Crawl Space, Unfinished

Garage

Detached

Construction

Aluminum Siding

Fireplace

Yes

Facing

North

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