REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 5,995,000
Est. payment /mo
Price Dropped by $1.3M
61-65 Nottinghill Drive Cambridge, ON N1T 2E2
1.98 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 40698811
Annual Tax Amount $3,371
Lot Size 1.980 Acres
Acres 1.98
Property Sub-Type Commercial
Source Waterloo Region
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 an 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 17 - N. Dumfries Twp. (E. Of 24 - Rural E.)
Zoning (H) RM2 - Specialized Residential Apartment
Direction Main St/Franklin Blvd
Rooms
Kitchen 0
Interior
Fireplace No
Exterior
Utilities Available At Lot Line-Municipal Water, Cell Service
Lot Frontage 174.0
Lot Depth 500.0
Garage No
Building
Lot Description Urban, High Traffic Area, Highway Access
Faces Main St/Franklin Blvd
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community false
Tax ID 038450509
Ownership Freehold/None
Listed by CBRE LIMITED