404 RIVER Road

For Sale - $7,100,000.00

ID#: 28253022

ATTENTION DEVELOPERS AND BUILDERS. This 4.67-acre property has great potential for development. Majority of the lot is zoned RM4 (multiple unit residential buildings except apartments) with small portion of R5 (detached, semi-detached or triplex dwelling) and OS4 (public neighbourhoods and community playgrounds and playing fields outside OA1 zones). As per the City of Cambridge current site-specific zoning by-law, the lot can accommodate a max of 40 units per gross hectare for low/medium density residential designation. There are plans to extend the McMeeken Dr. all the way to River Rd. Located in beautiful Hespeler close to Speed River, downtown with shops, restaurants, and state of the art library. 5 min to Hwy 401 and a great access to Guelph or Kitchener/Waterloo. (id:42870)