404 RIVER Road
Cambridge, Ontario
Vacant Land
ATTENTION DEVELOPERS & BUILDERS – PRIME DEVELOPMENT OPPORTUNITY! Unlock the potential of this 4.67-acre parcel ideally located in desirable Hespeler, Cambridge. With versatile zoning and excellent development prospects, this property is ready for your next residential project. Multiple zoning: RM4 – Ideal for multiple-unit residential buildings (excluding apartments), R5 – Permits detached, semi-detached, or triplex dwellings, OS4 – Designated for public neighbourhood parks and recreational spaces. Current City of Cambridge Zoning By-Law allows up to 40 units per gross hectare under a low/medium density residential designation. Future Potential - Planned extension of McMeeken Drive to River Road will enhance access and visibility. Nestled near the Speed River and scenic walking trails, walking distance to downtown Hespeler with shops, restaurants, and a state-of-the-art library. Just 5 minutes to Hwy 401 – quick access to Guelph, Kitchener, and Waterloo. Family-friendly area with strong community growth. This property is a rare opportunity to invest in one of Cambridge’s fastest-growing areas.
Price History
Schools
Elementary
- Hillcrest Public School0.8 km
Public · Waterloo Region DSB · 370 students
Grade 3 reading: 65% met the provincial standard · Grade 6 math: 46% met the provincial standard
- Our Lady of Fatima Catholic Elementary School1.1 km
Catholic · Waterloo CDSB · 375 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 53% met the provincial standard
- St Gabriel Catholic Elementary School1.1 km
Catholic · Waterloo CDSB · 530 students
Grade 3 reading: 92% met the provincial standard · Grade 6 math: 67% met the provincial standard
Secondary
- Jacob Hespeler Secondary School3.1 km
Public · Waterloo Region DSB · 1070 students
Grade 10 literacy: 83% 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 N3C
- Population
- 27,518
- Private dwellings
- 9,657
- Median age
- 38.8
- Average household size
- 2.9
- Median household income
- $114,000
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
- $675,900
- Homes sold
- 1,254
- Median days on market
- 19
- Sale-to-list price
- 100.6%
Based on 1,254 recorded sales of vacant land properties in Cambridge over the last 12 months.
Location
Mortgage Calculator
$799,980
Estimated Monthly Payment
$19,650
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $19,650/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $1,000/mo
Estimates only. Consult a financial advisor.
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