234 MONTROSE Street
Cambridge, Ontario
- Vacant Land
Vacant land available for development. An exciting opportunity to build in the heart of Cambridge! This vacant residential lot is ideally located just steps from Downtown Preston, offering convenient access to local shops, restaurants, schools, parks, and everyday amenities. Commuters will appreciate being just minutes from Highway 401, making travel throughout Waterloo Region and beyond a breeze. Whether you're a builder, investor, or future homeowner looking to create something of your own, this property offers plenty of potential in an established neighbourhood. There may also be potential to develop up to four residential units on the lot, creating an exciting opportunity for investors and developers. Renderings are available showcasing a home that can be built on this lot by an HCRA-licensed builder. Photos and additional information are available upon request. Don't miss this opportunity to bring your vision to life in a convenient Cambridge location!
Price History
Schools
Elementary
- Grand View Public School0.4 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
- Preston Public School1 km
Public · Waterloo Region DSB · 315 students
Grade 3 reading: 75% met the provincial standard · Grade 6 math: 41% met the provincial standard
Secondary
- Preston High School1.2 km
Public · Waterloo Region DSB · 855 students
Grade 10 literacy: 77% met the provincial standard
- Galt Collegiate and Vocational Institute3.5 km
Public · Waterloo Region DSB · 960 students
Grade 10 literacy: 83% met the provincial standard
- St Benedict Catholic Secondary School4 km
Catholic · Waterloo CDSB · 1955 students
Grade 10 literacy: 90% 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.
Local market
Vacant Land in Cambridge · last 12 months
- Median sold price
- $678,350
- Homes sold
- 1,244
- Median days on market
- 19
- Sale-to-list price
- 100.6%
Based on 1,244 recorded sales of vacant land properties in Cambridge over the last 12 months.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$49,800
Estimated Monthly Payment
$1,223
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: $1,223/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $62/mo
Estimates only. Consult a financial advisor.
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