353 ELGIN Street
Cambridge, Ontario
- Vacant Land
Rare opportunity to acquire an industrial lot in a prime Cambridge location. This 11.88-acre lot is perfect for a design-build project, offering great potential for investors or end-users. With M3 (General Industrial) zoning, it provides flexibility for a wide range of uses. Surrounded by industrial, commercial, and residential areas, with easy access to major transportation routes, the property is perfectly positioned to service the Waterloo Region, GTA, and surrounding markets. With its size, zoning, and location, this lot offers significant development potential for a variety of projects. In addition, the adjacent industrial property 313 Elgin Street North is available for purchase, creating an opportunity for expansion or additional development.
Price History
Schools
Elementary
- St Peter Catholic Elementary School0.5 km
Catholic · Waterloo CDSB · 310 students
Grade 3 reading: 61% met the provincial standard · Grade 6 math: 57% met the provincial standard
- Avenue Road Public School0.7 km
Public · Waterloo Region DSB · 495 students
Grade 3 reading: 65% met the provincial standard · Grade 6 math: 34% met the provincial standard
- Manchester Public School0.9 km
Public · Waterloo Region DSB · 340 students
Grade 3 reading: 61% met the provincial standard · Grade 6 math: 37% met the provincial standard
Secondary
- Galt Collegiate and Vocational Institute1.3 km
Public · Waterloo Region DSB · 960 students
Grade 10 literacy: 83% met the provincial standard
- St Benedict Catholic Secondary School1.8 km
Catholic · Waterloo CDSB · 1955 students
Grade 10 literacy: 90% met the provincial standard
- Glenview Park Secondary School3.3 km
Public · Waterloo Region DSB · 1055 students
Grade 10 literacy: 85% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N1R
- Population
- 42,928
- Private dwellings
- 18,081
- Median age
- 40.8
- Average household size
- 2.5
- Median household income
- $77,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Vacant Land in Cambridge · last 12 months
- Median sold price
- $677,400
- Homes sold
- 1,232
- Median days on market
- 19
- Sale-to-list price
- 100.6%
Based on 1,232 recorded sales of vacant land properties in Cambridge over the last 12 months.
Walk Score
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Location
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Mortgage Calculator
$1,980,000
Estimated Monthly Payment
$48,636
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $48,636/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $2,475/mo
Estimates only. Consult a financial advisor.
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