290 GARDEN Street
Cambridge, Ontario
3,960 sqft • Other
Rare Redevelopment Opportunity in Preston, Cambridge. This unique offering features two lots within a registered plan of subdivision, totaling 0.38 acres of deep, flat, and highly usable land. While currently zoned M2 Industrial, the property's configuration and location on a quiet dead-end street provide a significant foundation for future redevelopment potential. The existing 4,000 sq. ft. three-level building includes a spacious third-floor loft with high ceilings, making it ideal for immediate industrial or office use while awaiting long-term appreciation. The M2 zoning permits a wide range of uses, including general industrial operations, professional offices, factory sales outlets, and daycare facilities. The property is fully fenced and designed for functionality with ground-level double swing-open doors for easy loading and unloading. Interior amenities include forced-air gas heating, a roughed-in kitchenette, and two bathrooms. Situated adjacent to Otto Klotz Park and across from a neighborhood playground, the site offers excellent privacy and a prime location. Secure your footprint in a growing area with significant dual-lot advantages. Contact your REALTOR® to arrange a viewing.
Price History
Property
- Lot Size
- 0.38 acres
Schools
Elementary
- St Michael Catholic Elementary School0.3 km
Catholic · Waterloo CDSB · 310 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 31% met the provincial standard
- William G Davis Public School0.5 km
Public · Waterloo Region DSB · 370 students
- Coronation Public School0.5 km
Public · Waterloo Region DSB · 325 students
Grade 3 reading: 89% met the provincial standard · Grade 6 math: 46% met the provincial standard
Secondary
- Preston High School1.4 km
Public · Waterloo Region DSB · 855 students
Grade 10 literacy: 77% met the provincial standard
- Jacob Hespeler Secondary School3.5 km
Public · Waterloo Region DSB · 1070 students
Grade 10 literacy: 83% met the provincial standard
- Galt Collegiate and Vocational Institute3.9 km
Public · Waterloo Region DSB · 960 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 N3H
- Population
- 24,306
- Private dwellings
- 10,220
- Median age
- 40.8
- Average household size
- 2.5
- Median household income
- $82,000
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
Other in Cambridge · last 12 months
- Median sold price
- $675,000
- Homes sold
- 1,253
- Median days on market
- 19
- Sale-to-list price
- 100.6%
Based on 1,253 recorded sales of other properties in Cambridge over the last 12 months.
Location
Mortgage Calculator
$119,980
Estimated Monthly Payment
$2,947
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,947/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $150/mo
Estimates only. Consult a financial advisor.
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