193 Water Street
Cambridge, ON
- 5 sqft
- Land
- 74 days on market
Colliersis pleased to present the opportunity to acquire a 100% freehold interest in 193 Water Street South, Cambridge, Ontario (the "Property" or "Site"). The 5.06-acre Site comprises three land parcels and is improved with a detached dwelling fronting onto Highman Avenue, with the remaining lands vacant and unimproved. The Site is OPA and ZBA approved, permitting the development of five 15-storey residential apartment buildings containing a total of 991 residential units. The Site is located east of Water Street South and west of Highman Avenue, within an area characterized by a mix of established residential neighbourhoods, parks, and amenities, and is a 10-minute walk from Downtown Cambridge. The location offers strong regional connectivity via Highway 8 and Highway 401, accessible within a 7-minute drive, providing efficient access across the Region of Waterloo and the Greater Toronto Area. Convenient access to public transit is available, with a bus stop located 300 metres away and the Ainslie Street Bus Terminal located 1 kilometre from the Site. The planned future Light Rail Transit (LRT) extension is expected to further enhance connectivity, with a stop anticipated near the Ainslie Terminal within walking distance.
Listing Details
- Taxes (2025)
- $4,746
- Listed
- June 29, 2026
Price History
Property
- Lot Size
- 761.33 x 439.54 Feet
Utilities
- Sewer
- Sanitary+Storm Available
Location & Legal
- Cross Street
- Water Street South & Elliott Street
- Zoning
- OS1
- Parcel Number
- 038400057
- Possession
- Immediate
- Occupancy
- Vacant
Commercial
- Business Type
- Residential
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
- 1,224
- Median days on market
- 20
- Sale-to-list price
- 100.6%
Based on 1,224 recorded sales of commercial properties in Cambridge over the last 12 months.
Listed by
COLLIERS
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Annual property tax
- $4,746
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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