An outstanding opportunity for developers and builders to secure a prime land assembly in one of the city's most rapidly evolving corridors. This mixed-use commercial property offers 0.536 acres of land at the high-traffic intersection of Main Street and Franklin Boulevard - a location that benefits from exceptional visibility, strong daily traffic exposure, and a diverse surrounding mix of residential, commercial, and community facilities. This property is being sold in conjunction with 642 Main Street, creating a combined land assembly that significantly enhances the scope and scale of any future redevelopment project. Whether your plans call for residential, mixed-use, or community-focused development, this assembly provides the footprint and flexibility to bring a meaningful project to life. Zoned M3, the property is well-positioned within a municipality that has introduced new, favourable redevelopment and re-zoning plans specifically for this area - providing developers with a supportive regulatory environment and a clear path forward for approvals and planning. The surrounding neighbourhood continues to see active growth, with new development projects underway across residential and community sectors.
| MLS # | X13031690 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 124 |
| Listing Provided By | CORCORAN HORIZON REALTY | X13031690 247700 |
| SQ Feet | 23,348 |
|---|---|
| Acreage | 0.54 |
| Cooling | Yes |
|---|
| Community Features | Public Transit, Recreation/Community Centre |
|---|---|
| Security Features | No |
| Utilities | Available |
|---|---|
| Sewer | Septic |
| Tax Annual Amount | 7108 |
|---|---|
| Tax Assessed Value | 309000 |
| Tax Type | Annual |
| Tax Legal Description | PT LT 5 CON 11 NORTH DUMFRIES AS IN WS605256, SAVE & EXCEPT PTS 2 & 3 ON WR825696, S/T 1180376; CAMBRIDGE SUBJECT TO AN EASEMENT IN GROSS OVER PTS 4-6 ON EX PL WR825696 UNTIL 2017/12/31 AS IN WR825696 |
| Tax Year | 2025 |
| Province | ON |
|---|---|
| Region | Waterloo |
| City | Waterloo |
| Postal Code | N1R 5S7 |
| Listing VS Median (in N1R 5S7) | |
Price: $2,995,000 low | high Med: $1,722,450 sqft: 23,348 low | high Med: 14,489 $ / sqft: $128 low | high Med: $104 On site: 124 low | high Med: 134.5 | |
| Province | ON |
|---|---|
| Region | Waterloo |
| City | Waterloo |
| Postal Code | N1R 5S7 |
| Listing VS Median (in N1R 5S7) | |
Price: $2,995,000 low | high Med: $1,722,450 sqft: 23,348 low | high Med: 14,489 $ / sqft: $128 low | high Med: $104 On site: 124 low | high Med: 134.5 | |