1504 Concession Road
Cambridge, ON
- approx. < 700 sqft
- Detached
Incredible development opportunity in the heart of Cambridge! Build a lucrative "plex" investment property or your own custom home in a highly desirable, amenity-rich neighbourhood. Walking distance to schools, groceries, pharmacies, and hospitals, and just one minute from the bustling Hespeler Road retail corridor. The site features municipal water and sewer availability and holds excellent development advantages. Formerly a Hydro building (decommissioned in 2000), vital environmental milestones are already met: Phase One / Two Environmental Site Assessments (ESAs), and a Risk Assessment (RA) have been completed by certified third party consultant to support filing a Record of Site Condition (RSC), which is required for residential development. The ESA studies will be requiring updating before filing for RSC. A pre-consultation application for a multi-unit residential building was submitted to the City of Cambridge. However, due to other commitments, the application was not pursued further. Corner lot (Concession and Bishop)
Listing Details
- Taxes (2026)
- $2,419
- Originally Listed
- $310,000
- Listed
- July 3, 2026
Price History
Property
- Style
- Other
- Age
- 51-99
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Interior
- None
- Lot Size
- 50.09 x 100.34 Feet
Parking
- Garage
- Other
- Covered Spaces
- 1
- Total Parking
- 1
Utilities
- Sewer
- Sewer
- Heat Source
- Other
Location & Legal
- Cross Street
- Concession Rd and Bishop St N
- Zoning
- R4
- Parcel Number
- 226470004
- Possession
- Immediate
- Occupancy
- Vacant
Included
- Exclusions
- None
- Rental Items
- None
Schools
Elementary
- St Michael Catholic Elementary School0.5 km
Catholic · Waterloo CDSB · 310 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 31% met the provincial standard
- Blue Heron Public School0.7 km
Public · Waterloo Region DSB · 400 students
Grade 3 reading: 69% met the provincial standard · Grade 6 math: 42% met the provincial standard
- William G Davis Public School0.7 km
Public · Waterloo Region DSB · 370 students
Secondary
- Preston High School1.8 km
Public · Waterloo Region DSB · 855 students
Grade 10 literacy: 77% met the provincial standard
- Galt Collegiate and Vocational Institute3.2 km
Public · Waterloo Region DSB · 960 students
Grade 10 literacy: 83% met the provincial standard
- St Benedict Catholic Secondary School3.4 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.
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
Residential Freehold in Cambridge · last 12 months
- Median sold price
- $675,000
- Homes sold
- 1,167
- Median days on market
- 21
- Sale-to-list price
- 100.3%
Based on 1,167 recorded sales of residential freehold properties in Cambridge over the last 12 months.
Listed by
CITYSCAPE REAL ESTATE LTD.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$59,800
Estimated Monthly Payment
$1,469
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: $1,469/mo (20% down, 5.5%)
Taxes: $202/mo · Insurance: $75/mo
Estimates only. Consult a financial advisor.
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