Property Information:
This .56 acre of property overlooks downtown Cambridge and the Grand River. The irregular shaped property is terraced and runs between Market St and Roseview Ave (Lane 172). The downtown core is undergoing rejuvenation with a significant number of properties being held by investment companies and development groups. Located a few blocks away from the main bus terminal there are plans to extend the Waterloo Regional LRT to connect downtown Cambridge, as part of the Stage 2 ION preferred route, to the existing LRT system in KW. Zoning allows for a wide range of uses including multi unit residential with similar projects already completed and in planning stages. This property is being offered for the first time since 1961 and comprises a detached brick bungalow with lower level walkout, a detached 16' x 80' greenhouse/workshop with a separate hydro service bordering the laneway adding both a huge work space and privacy to the property. With all the development plans, infrastructure projects and municipal updates this area has become a prime location for investors. Additional property and zoning details available upon request.
