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 Type:
Residential Freehold
Property Sub Type:
Detached
Home Style:
2-Storey
Total Approx Floor Area:
1500-2000
Lot Size:
.50-1.99
Lot Depth:
132'2⅞"40.3 m
Lot Frontage:
224'5"68.4 m
Direction Faces:
North
Bedrooms:
3+1
Bathrooms:
3.0
Water supply:
Well
Kitchens:
1
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Kitchens Above Grade:
1
Rooms Above Grade:
6
Rooms Below Grade:
2
Heating type:
Forced Air
Heating Fuel:
Gas
Fireplaces:
1
Foundation:
Poured Concrete
Roof:
Asphalt Shingle
Basement:
Crawl Space, Unfinished
Fireplace Features:
Wood
Fireplace/Stove:
Yes
Garage:
Detached
Garage Spaces:
2.0
Parking Features:
Circular Drive, Private Triple
Parking Spaces:
10
Total Parking Spaces:
12.0
Family Room:
Yes
Possession Details:
Flexible
Lot Irregularities:
223.39FT X 132.23FT X 224.45FT X 132FT
Pool:
None
Link:
No
HST Applicable To Sale Price:
Included In
Taxes:
$5,595.07 /
2026
Assessment:
$- /
-
Waterloo
Cambridge
Campground, Greenbelt/Conservation, Park, Ravine, River/Stream, Sloping
Carpet Free, Primary Bedroom - Main Floor, Sump Pump, Water Heater, Water Purifier, Water Softener
Fridge, Stove/Oven, Dishwasher, Washer, Dryer, All ELFs, All Window Coverings, Hot Water Tank, Furnace, A/C.
Data was last updated July 8, 2026 at 10:15 PM (UTC)
Area Statistics
Listings on market:
274
Avg list price:
$848,900
Min list price:
$310,000
Max list price:
$3,195,000
Avg days on market:
30
Min days on market:
0
Max days on market:
714
These statistics are generated based on the current listing's property type
and located in
Cambridge. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.