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Aerial perspective showcasing a residential neighborhood with diverse architectural styles, a nearby educational facility, and substantial green spaces

Expansive front lawn with mature trees and a long gravel driveway

Brick ranch home featuring a single garage, dark shingle roof, and a prominent chimney

Brick ranch-style residence featuring an attached garage, a paved driveway, and a spacious front lawn

Expansive front lawn with mature trees and a brick single-story residence

Expansive residential lot with established trees and surrounding green space

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Single-story residence on a generous lot with extensive green space and mature trees

Aerial perspective showcasing a residential neighborhood with tree-lined streets and varied architectural styles

Single-story brick exterior residence featuring an attached garage, an asphalt driveway, and a shingled roof

Aerial view of a residential area featuring established neighborhoods, newer housing developments, and surrounding green spaces

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Description

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. (id:13843)

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MLS Number: 40828186

Listing Provided By: TERRY RIDDOCH – (519) 591-1725

Re/Max Real Estate Centre Inc. – (519) 741-0950