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353 Elgin Street

353 Elgin Street

Cambridge, ON

  • 517,485 sqft
  • Land
  • 460 days on market
$9,900,000

Rare opportunity to acquire an industrial lot in a prime Cambridge location. This 11.88-acre lot is perfect for a design-build project, offering great potential for investors or end-users. Zoned M3 (General Industrial), it provides flexibility for a wide range of uses. Surrounded by industrial, commercial, and residential areas, with easy access to major transportation routes, the property is perfectly positioned to service the Waterloo Region, GTA, and surrounding markets. With its size, zoning, and location, this lot offers significant development potential for a variety of projects. In addition, the adjacent industrial property 313 Elgin Street North is available for purchase, creating an opportunity for expansion or additional development.

Listing Details

Taxes (2025)
$4,940
Originally Listed
$1
Listed
June 3, 2025

Price History

Property

Lot Size
67 x 1321 Feet

Utilities

Sewer
None

Location & Legal

Cross Street
Avenue Rd & Elgin St N
Zoning
M3
Parcel Number
038130018
Possession
Flexible
Occupancy
Tenant

Commercial

Business Type
Industrial

Community

Postal area N1R

Population
42,928
Private dwellings
18,081
Median age
40.8
Average household size
2.5
Median household income
$77,000

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

Commercial in Cambridge · last 12 months

Median sold price
$675,000
Homes sold
1,235
Median days on market
19
Sale-to-list price
100.6%

Based on 1,235 recorded sales of commercial properties in Cambridge over the last 12 months.

Listed by

RE/MAX Real Estate Centre Inc

Walk Score

Walk Score is unavailable for this address right now.

Commercial figures

Building area
517,485 sq ft
Price per sq ft
$19.13
Annual property tax
$4,940
Tax per sq ft
$0.01

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

R

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