Size
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Lot size
-
Street frontage
-
Possession
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Price per sqft
-
Taxes
$29,570 (2025)
Parking Type
-
Style
Land - (Mixed Us
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Description
Rare opportunity to acquire a cleared, shovel-ready development parcel in the heart of Preston, Cambridge's fastest-evolving transit-oriented corridor. This 20,193 sq ft (0.464 acre) corner lot delivers 133.95 ft of premium frontage on King Street East with additional exposure on Lowther St E, offering irreplaceable visibility and access.
Zoned C1RM2 (Commercial / Multi-Residential) with a Mixed Use (Including Residential) Official Plan designation and Major Transit Station Area (MTSA) overlay, the site offers developers the potential of a wide variety of build options.
Strategically positioned, the property is within walking distance of the planned Stage 2 ION LRT station at King Street East and Eagle Street in addition to the Preston downtown core, schools, shopping, restaurants, parks and grocery. Highway 401 access in 5 to 7 minutes;
Site is currently vacant, cleared, and ready for design. Phase II ESA, Archaeological Report as well as survey available to qualified purchasers under confidentiality.
Broker: RE/MAX REAL ESTATE CENTRE INC.
MLS®#: 40824644
Property details
Parking:
-
Parking type:
-
Property type:
Vacant Land
Heating type:
-
Style:
Land - (Mixed Us
MLS Size:
-
Lot front:
134 Ft
Lot depth:
157 Ft
Listed on:
Apr 30, 2026
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Instant estimate:
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1/2
$1,050,000
428 days
Vacant Land
MLS#: X12368463
Cushman & Wakefield Waterloo Region Ltd
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1/48
$995,000
27 days
4BD
3BA
5 Parking
2,500-3,000 sqft
MLS#: X13859270
RE/MAX TWIN CITY REALTY INC.