404 River Road

Centennial, Cambridge, ON N3C 2B7

For Sale · MLS® 40874201 · Cornerstone (ITSO) MLS®
Land
Type

Description

PRIME DEVELOPMENT OPPORTUNITY IN HESPELER, CAMBRIDGE 4.67 Acres. Discover the possibilities with this impressive 4.67-acre parcel in desirable Hespeler, Cambridge. Offering multiple zoning designations and significant residential development potential, this property presents an exciting opportunity to explore your next project in one of Cambridge’s growing communities. VERSATILE ZONING: RM4-Intended for a range of multiple-unit residential uses; R5-Permits detached, semi-detached, and triplex dwellings; OS4-Designated for public Neighbourhood parks and recreational spaces. Under the City of Cambridge’s current zoning framework, a low- to medium-density residential designation may support densities of up to 40 units per gross hectare, subject to applicable policies, zoning regulations, and approvals. This provides an exciting starting point for evaluating the site's development potential. The property is ideally situated in Hespeler, combining neighbourhood appeal with convenient access to key amenities and transportation routes. The planned extension of McMeeken Drive to River Road could enhance access and connectivity in the area. Enjoy Nature at your doorstep with proximity to the Speed River and scenic walking trails. Walk to downtown Hespeler’s shops, restaurants, and modern public library. Approximately five minutes to Highway 401, with convenient connections to Guelph, Kitchener, Waterloo, and surrounding areas. Located in an established, family-friendly community with continued growth and evolving housing demand. A RARE OPPORTUNITY TO BRING YOUR VISION TO LIFE With its substantial land area, multiple zoning designations, and desirable Hespeler location, this property offers developers and investors an opportunity to explore a range of potential residential concepts.

01 / Property recordListing details

Key Facts

MLS® #
40874201
Board
Cornerstone (ITSO) MLS®
Days on market
Tax
$8,604

Listing History

Listing activity for 404 River Road, Cambridge, ON

Date StartDate EndList PricePriceEventListing ID
N/AN/A$3,400,000N/AFor Sale40874201

Property Details

Property

Property Type
Land
Style
Land - (Residential)
Community
Centennial
Municipality
Cambridge

Utilities

Water
Well

Land

Sewer
Septic Tank

Rooms (12)

Room 1

Level not provided

Room 2

Level not provided

Room 3

Level not provided

Room 4

Level not provided

Room 5

Level not provided

Room 6

Level not provided

Room 7

Level not provided

Room 8

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Room 9

Level not provided

Room 10

Level not provided

Room 11

Level not provided

Room 12

Level not provided

Location

02 / Plan your numbersTools

Mortgage Tools

Mortgage calculator

20%

Monthly Payment

$15,586

  • Down payment$680,000
  • Mortgage amount$2,720,000
  • Total interest$1,955,800
  • Total cost$5,355,800

Cash flow analysis

$15,586

Total monthly payment

$16,303

Break-even down payment

100%

Cash flow-$16,303
03 / Community profileNeighbourhood demographics

Expand Neighbourhood demographics to load Statistics Canada census charts.

$3,400,000

$3,400,000

CAD

Estimate unavailable

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