PRIME DEVELOPMENT PROPERTY! Discover an exceptional opportunity to own not one, but TWO homes situated on a generous 0.778-acre parcel of land boasting 284.61 feet of frontage on Blue Heron Ridge and 210.47 feet of frontage on Coronation Blvd. These 2 homes are available as a package deal, each held under separate titles to preserve their individuality. Choose between two exciting development options, both presented to the city of Cambridge via a pre-consultation application: Option One: Includes 8 detached dwellings while retaining 447 Blue Heron Ridge to create eight lots. No official plan amendment required. Option Two: Features 12 semi-detached dwellings and 3 detached dwellings on individual lots. Both options require zoning by-law amendment. This unique opportunity aligns perfectly with Ontario's development mandate for intensification and the creation of more dwellings. This premier location makes this a rare opportunity- situated in a prestigious and convenient location, this property is surrounded by the Galt Country Club and is mere steps away from the Cambridge Memorial Hospital, shopping centers, and easy access to the 401 highway. *Documentation Available* Concept plans and pre-consultation meeting minutes are readily available upon request. Don't miss out on this rare chance to be part of Cambridge's growth and development. Contact us today to seize this fantastic investment opportunity! 447 Blue Heron tenants currently pay $4100/MO + utilities and are month to month, 459 Blue Heron tenants currently pay $3400/MO + utilities and are month to month. (id:4069)
Address
447-459 BLUE HERON Ridge
List Price
$2,398,000
Property Type
Vacant Land
Transaction Type
sale
Area
Ontario
Sub-Area
Cambridge
Lot Size
0.778 Sq. Ft.
MLS® Number
40752429
Listing Brokerage
RE/MAX TWIN CITY FAISAL SUSIWALA REALTY
Basement Area
None
Postal Code
N3H2M6
Zoning
R2
Site Influences
Hospital, Public Transit, Schools
