
841 DUKE Street
Cambridge, Ontario
Vacant Land
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.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?