Incredible development opportunity in the heart of Cambridge! Build a lucrative "plex" investment property or your own custom home in a highly desirable, amenity-rich neighbourhood. Walking distance to schools, groceries, pharmacies, and hospitals, and just one minute from the bustling Hespeler Road retail corridor. The site features municipal water and sewer availability and holds excellent development advantages. Formerly a Hydro building (decommissioned in 2000), vital environmental milestones are already met: Phase One / Two Environmental Site Assessments (ESAs), and a Risk Assessment (RA) have been completed by certified third party consultant to support filing a Record of Site Condition (RSC), which is required for residential development. The ESA studies will be requiring updating before filing for RSC. A pre-consultation application for a multi-unit residential building was submitted to the City of Cambridge. However, due to other commitments, the application was not pursued further. Corner lot (Concession and Bishop)
Data was last updated September 28, 2026 at 07:50 PM (UTC)
Area Statistics
Listings on market:
20
Avg list price:
$642,500
Min list price:
$299,000
Max list price:
$1,100,000
Avg days on market:
54
Min days on market:
2
Max days on market:
201
Avg price per sq.ft.:
$387.13
These statistics are generated based on the current listing's property type
and located in
52 - Preston North. Average values are
derived using median calculations. This data is not produced by
the MLS® system.