ATTENTION DEVELOPERS AND BUILDERS. This 4.67-acre property has great potential for development. Majority of the lot is zoned RM4 (multiple unit residential buildings except apartments) with small portion of R5 (detached, semi-detached or triplex dwelling) and OS4 (public neighbourhoods and community playgrounds and playing fields outside OA1 zones). As per the City of Cambridge current site-specific zoning by-law, the lot can accommodate a max of 40 units per gross hectare for low/medium density residential designation. There are plans to extend the McMeeken Dr. all the way to River Rd. Located in beautiful Hespeler close to Speed River, downtown with shops, restaurants, and state of the art library. 5 min to Hwy 401 and a great access to Guelph or Kitchener/Waterloo. (id:4069)
Address
404 RIVER Road
List Price
$7,100,000
Property Type
Vacant Land
Area
Ontario
Sub-Area
Cambridge
MLS® Number
40723693
Listing Brokerage
RE/MAX REAL ESTATE CENTRE INC., BROKERAGE
Basement Area
None
Postal Code
N3C2B7
Zoning
R5, RM4, SO4
Features
Country residential
