$599,900
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:50976)
Property Details
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MLS® Number
|
40805307 |
|
Property Type
|
Vacant Land |
|
Amenities Near By
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Hospital, Public Transit, Schools |
|
Features
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Corner Site |
Building
|
Basement Type
|
None |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Land Amenities
|
Hospital, Public Transit, Schools |
|
Sewer
|
Municipal Sewage System |
|
Size Depth
|
100 Ft |
|
Size Frontage
|
68 Ft |
|
Size Total Text
|
Under 1/2 Acre |
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Zoning Description
|
R5 |
Utilities
|
Cable
|
Available |
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Natural Gas
|
Available |
|
Telephone
|
Available |
https://www.realtor.ca/real-estate/29368148/37-southwood-drive-cambridge
