344 Queen Street

Cambridge, ON

0.37 sqft
Land
6 days on market

$895,000

Real Opportunity to build on this 0.37 Acres prime parcel located in one of Cambridge most connected node right off Hwy 401. A standout High-exposure & well-suited lot for Builders & Developers looking to construct Multi-unit Residential or higher-density housing in a high-demand, growing area. A proposed Apartment Building development of 10 stacked townhomes has received positive support from the City representatives for rezoning to permit increased density. But Developers can further explore additional development capacity through innovative design solutions and customized planning proposals. *** A major benefit is the property's great current condition, which allows it to generate rental income while the development plans are finalized. *** And don't forget about the Approved Plan for HESPELER ROAD CORRIDOR, an Innovative project designed to transform this Suburban Identity (Redevelop, Modernize, Extend the LRT to Hespeler, create New Opportunities, and more). Positioned across from the major historic textile factory redevelopment project, this site backed with a strong economy, offers exceptional lifestyle appeal - just steps from all major amenities. Buyers to satisfy themselves regarding all zoning, permitted uses, and required City permits or approvals with the City of Cambridge for any intended future use.

Listing Details

Taxes (2026): $4,658
Listed: September 11, 2026

Price History

Listing history

Property

Lot Size: 82.19 x 207 Feet

Utilities

Sewer: Sanitary

Location & Legal

Cross Street: Hespeler Rd
Zoning: R-4
Parcel Number: 037660059
Possession: Immediate
Occupancy: Vacant

Included

Rental Items: Hot Water Heater

Community

Postal area N3C

Population: 27,518
Private dwellings: 9,657
Median age: 38.8
Average household size: 2.9
Median household income: $114,000

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: 1,219
Median days on market: 19
Sale-to-list price: 100.6%

Based on 1,219 recorded sales of commercial properties in Cambridge over the last 12 months.

Listed by

PEAK REALTY LTD.

Walk Score

Walk Score is unavailable for this address right now.

Location

Street View

Commercial figures

Annual property tax: $4,658

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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