Salehian.com 647-325-5000

683 PRESTON Parkway

Cambridge, N3H 4X3

$899,000

Photo 1 of 9Photo 2 of 9Photo 3 of 9Photo 4 of 9Photo 5 of 9Photo 6 of 9Photo 7 of 9Photo 8 of 9Photo 9 of 9
  • 0 bedrooms
  • 0 bathrooms

Listed 20 days ago · MLS® X13840774

About this home

An exceptional opportunity to acquire approximately 1.105 acres of strategically located development land along King Street East, surrounded by established residential communities and an extensive range of schools, parks, shopping, transit, services, and everyday amenities. The property is currently zoned R2 - Medium-High Density Residential, offering the potential for a range of multiple-unit residential uses. The R2 zoning adds significant appeal for builders, developers, and investors seeking land with residential development potential. With approximately 1.105 acres of land, the property provides a variety of future residential concepts, subject to applicable zoning provisions, municipal requirements and all required approvals. Its location along King Street East provides convenient connectivity while placing future residents within close proximity to schools, parks, public transit, shopping, restaurants and other essential amenities. The combination of substantial land area, R2 Medium-High Density Residential zoning, established surrounding neighbourhoods, and convenient access to major amenities makes this an opportunity to investigate the possibilities for future residential development. Whether you are a builder looking for your next project, a developer seeking a strategically positioned residential parcel or an investor exploring long-term development potential, this property offers an opportunity to secure a sizeable development site in an established and desirable location. Development potential is subject to municipal approvals, zoning compliance, permitted-use requirements, site plan approval, servicing and infrastructure capacity, environmental and technical requirements, and all other applicable approvals and regulations. A rare opportunity to acquire and explore the potential for future residential development in a well-established and highly connected area.

Details

Type
Vacant Land
Kitchens
0
Property tax
$9,353 (2026)
Municipality
Cambridge

Building and exterior

Faces
East

Lot

Acreage
.50-1.99

More

Possession
Flexible
Cross street
Fountain Street S

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Car-dependent

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: no grocery stores, 1 cafés and restaurants, 3 parks. Nearest park: John Erb Park (550 m).

Schools nearby

Elementary

  • Parkway Public School
    EQAO: Gr 6 reading 96%, math 59%    9 min walk
  • St. Joseph Catholic Elementary School Catholic
    EQAO: Gr 6 reading 90%, math 70%    13 min walk
  • Preston Public School
    EQAO: Gr 6 reading 82%, math 41%    1.7 km
  • Grand View Public School
    EQAO: Gr 6 reading 87%, math 39%    1.7 km

Secondary

  • Preston High School
    EQAO: Gr 9 math 67%, literacy test 77%    13 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N3H

Owners / renters
62% / 38%
Median household income
$82,000
Average age
42
Children under 15
15%
Homes
51% detached, 8% high-rise
Commute by transit
5%
Population
24,306

Languages spoken most at home besides English: Punjabi (Panjabi) 2.3%, Urdu 1%, Gujarati 0.7%, Portuguese 0.7%.

Safety

Crime Severity Index for Waterloo Region (Kitchener) police: 67 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown Kitchener: 12 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by RE/MAX TWIN CITY REALTY INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

Similar homes nearby

See more in Cambridge