37 SOUTHWOOD Drive
Cambridge, Ontario
- Vacant Land
MAXIMUM UPSIDE. MAXIMUM DENSITY. PRIME WEST GALT INFILL. Rare severed lot (68.14’ x 100.26’) in one of Cambridge’s most sought-after neighbourhoods, already approved for two single-family dwellings — but the real play here is the full build-out potential ADU's / Legal Basement Apartments. This site is tailor-made for investors and builders looking to push density and cash flow, with the ability to develop: 2 primary dwellings Both with Additional Dwelling Units (ADUs) Total potential: minimum 4 income-producing units Multiple concept paths give you flexibility to execute: Projected rents on alone point to serious cash flow — approx. $2,600 per main unit + $1,600 per secondary unit. Location seals the deal: set in high-demand West Galt, steps to groceries, schools, parks, and walking distance to the Gaslight District, Hamilton Family Theatre, and the Grand River core. Mature trees. Established neighbourhood. Proven rental demand. This is a build-to-hold or build-to-sell goldmine with scalable density in a premium location. Opportunities like this don’t sit — they get built.
Price History
Schools
Secondary
- Southwood Secondary School0.2 km
Public · Waterloo Region DSB · 700 students
Grade 10 literacy: 74% met the provincial standard
- Glenview Park Secondary School2.3 km
Public · Waterloo Region DSB · 1055 students
Grade 10 literacy: 85% met the provincial standard
- Galt Collegiate and Vocational Institute2.6 km
Public · Waterloo Region DSB · 960 students
Grade 10 literacy: 83% met the provincial standard
Elementary
- St Gregory Catholic Elementary School0.7 km
Catholic · Waterloo CDSB · 145 students
Grade 3 reading: 53% met the provincial standard · Grade 6 math: 38% met the provincial standard
- St Andrew's Public School1.2 km
Public · Waterloo Region DSB · 335 students
- Highland Public School1.2 km
Public · Waterloo Region DSB · 425 students
Grade 3 reading: 69% met the provincial standard · Grade 6 math: 46% 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 N1S
- Population
- 20,171
- Private dwellings
- 8,187
- Median age
- 42.8
- Average household size
- 2.5
- Median household income
- $95,000
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
- $678,000
- Homes sold
- 1,243
- Median days on market
- 19
- Sale-to-list price
- 100.6%
Based on 1,243 recorded sales of vacant land properties in Cambridge over the last 12 months.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$99,980
Estimated Monthly Payment
$2,456
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: $2,456/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $125/mo
Estimates only. Consult a financial advisor.
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