30-36 Concession St, Cambridge, N1R 2G9

Listing Overview

Description

30 & 36 Concession Street is a 0.68-acre high-density residential development site strategically located in downtown Cambridge. The site is positioned 400 metres from the proposed Ainslie Terminal on the new ION Stage 2 LRT extension, which will connect Cambridge and Kitchener-Waterloo to the Greater Toronto Area and the downtown core. The existing ownership has development concepts contemplating up to 25 storeys, comprising 312 residential units. Developers have the option to execute the existing plans or explore the potential to revise the design and add density beyond what has previously been contemplated. The property is currently improved with a car wash and two residential rental properties, offering in-place holding income during the entitlement phase. The vendor is open to a potential vendor take-back mortgage. Tours require at least 24 hours advance notice, call Fletcher Blakely at 416-238-4817 to organize.

19 days

On Market

Land

Property Type

$19,624 / Year

Est. Taxes

Designated

Style

-

Business Type

-

Franchise