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841 DUKE Street

841 DUKE Street

Cambridge, Ontario

Vacant Land

$649,000

Exceptional investment and development opportunity in the heart of Cambridge on a massive 66' x 165' lot with desirable R5 zoning. This rare oversized parcel presents strong upside for investors, builders, and developers looking to capitalize on the site’s size. The property offers excellent long-term value in a rapidly growing area. The existing structure is well-maintained and has seen recent updates including new laminate, hardwood, and carpet flooring throughout. The home features 8'7 ceilings on the main floor, a bright open-concept layout, and large windows that provide abundant natural light. Practical features include a walk-in pantry off the kitchen, main floor laundry, and a mudroom for added functionality. A charming wrap-around porch enhances curb appeal, while the large driveway accommodates up to four vehicles. The finished basement includes a spacious storage room/workshop with convenient exterior access from the backyard, adding further utility for tenants or future use during redevelopment planning. Located just minutes from Highway 401 and close to key amenities, transit routes, schools, and shopping, this site is ideally positioned for strong rental demand and future intensification. Whether held as a rental, improved, or redeveloped, this property represents a rare chance to secure a large R5-zoned lot in a high-demand Cambridge location with significant upside potential.

Price History

Property

Lot Size
0.25 acres

Schools

Elementary

  • Preston Public School0.3 km

    Public · Waterloo Region DSB · 315 students

    Grade 3 reading: 75% met the provincial standard · Grade 6 math: 41% met the provincial standard

  • Grand View Public School0.5 km

    Public · Waterloo Region DSB · 250 students

    Grade 3 reading: 83% met the provincial standard · Grade 6 math: 39% met the provincial standard

  • St Michael Catholic Elementary School0.8 km

    Catholic · Waterloo CDSB · 310 students

    Grade 3 reading: 67% met the provincial standard · Grade 6 math: 31% met the provincial standard

Secondary

  • Preston High School1 km

    Public · Waterloo Region DSB · 855 students

    Grade 10 literacy: 77% met the provincial standard

  • ÉSC Père-René-de-Galinée3.8 km

    French Catholic · CS catholique MonAvenir · 495 students

    Grade 10 literacy: 94% met the provincial standard

  • Jacob Hespeler Secondary School4 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 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

Vacant Land in Cambridge · last 12 months

Median sold price
$675,000
Homes sold
1,255
Median days on market
19
Sale-to-list price
100.6%

Based on 1,255 recorded sales of vacant land properties in Cambridge over the last 12 months.

Location

Mortgage Calculator

$129,800

Estimated Monthly Payment

$3,188

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $3,188/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $162/mo

Estimates only. Consult a financial advisor.

R

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