Prime infill development opportunity on a severed lot (68.14' x 100.26') in highly desirable West Galt neighbourhood of Cambridge. Already approved for two single-family dwellings, the property offers excellent potential for higher density such as a triplex or similar low-rise multiplex. Enjoy exceptional walkability with nearby grocery stores, schools, parks, and more. The vibrant Gaslight District, with its shops, restaurants, and the iconic Hamilton Family Theatre, is readily accessible. This premium location, with mature trees enhancing the established charm, is in one of Cambridge’s most sought-after areas combining family-friendly appeal with strong income potential, ideal for developers focused on boutique infill projects like duplexes, triplexes, or townhomes. Three flexible development concepts include: Concept 1 – two single-detached homes, each with potential ADU; Concept 2 – one single-detached home with potential for two ADUs; Concept 3 – three 3-bedroom townhomes (each with 1+1 bath), single garage, and self-contained 1-bedroom legal basement apartment, projecting approximate rents of $2,600 per townhouse plus $1,600 per additional unit for outstanding cash flow. Strong density, mature surroundings, and proven rental demand make this an investor's dream in the heart of West Galt. (id:4069)
Address
37 SOUTHWOOD Drive
List Price
$599,900
Property Type
Vacant Land
Type of Dwelling
Vacant Land
Transaction Type
Sale
Area
Ontario
Sub-Area
Cambridge
MLS® Number
40805307
Listing Brokerage
Exit Integrity Realty
Basement Area
None
Postal Code
N1S3S3
Zoning
R5
Site Influences
Hospital, Public Transit, Schools
Features
Corner Site
