An exceptional infill development opportunity in Cambridge, comprising 355 Guelph Avenue and 11 Fletcher Circle (offered as a combined 0.59-acre / 0.24-hectare parcel). Rezoned to RM4 (Site-Specific Provision S4.1.421) in March 2022, the site is positioned for an 8-unit freehold townhouse project. Consent applications (B02/25 through B08/25) received staff-recommended approval in June 2025 and remain valid until June 18, 2027. Significant preliminary engineering and regulatory hurdles have been cleared to accelerate project timelines. The existing house on the property is vacant and sold strictly "as is, where is." Favorable Seller VTB (Vendor Take-Back) financing is available to qualified buyers, offering strategic leverage to optimize project yields. This opportunity represents a streamlined acquisition for builders looking to deliver premium missing-middle housing in the Waterloo Region.
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Zillow last checked:
Listing updated:
Listed by:
Terry Riddoch, Broker,
RE/MAX REAL ESTATE CENTRE INC.,
Irfan Gillani, Salesperson,
RE/MAX REAL ESTATE CENTRE INC.
Source: ITSO,MLS®#: 40828186Originating MLS®#: Cornerstone Association of REALTORS®
Facts & features
Interior
Features
Has fireplace: No
Property
Features
Frontage type: East
Frontage length: 132.00
Lot
Size: 0.45 Acres
Dimensions: 132 x 150
Features: Urban, Schools
Details
Additional parcels included: 03758087
Parcel number: 037580133
Zoning: RM4
Utilities & green energy
Sewer: Sewer (Municipal)
Water: Municipal
Utilities for property: At Lot Line-Gas, At Lot Line-Hydro
Community & HOA
Location
Region: Cambridge
Financial & listing details
Annual tax amount: C$5,666
Date on market: 5/11/2026
Terry Riddoch, Broker
Terry Riddoch, Broker
(519) 741-0950
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