Rare opportunity to acquire a cleared, shovel-ready development parcel in the heart of Preston, Cambridge's fastest-evolving transit-oriented corridor. This 20,193 sq ft (0.464 acre) corner lot delivers 133.95 ft of premium frontage on King Street East with additional exposure on Lowther St E, offering irreplaceable visibility and access. Zoned C1RM2 (Commercial / Multi-Residential) with a Mixed Use (Including Residential) Official Plan designation and Major Transit Station Area (MTSA) overlay, the site offers developers the potential of a wide variety of build options. Strategically positioned, the property is within walking distance of the planned Stage 2 ION LRT station at King Street East and Eagle Street in addition to the Preston downtown core, schools, shopping, restaurants, parks and grocery. Highway 401 access in 5 to 7 minutes; Site is currently vacant, cleared, and ready for design. Phase II ESA, Archaeological Report as well as survey available to qualified purchasers under confidentiality. (id:36835)
| MLS® Number | 40824644 |
| Property Type | Vacant Land |
| Neigbourhood | Preston |
| Amenities Near By | Public Transit, Schools |
| Community Features | High Traffic Area |
| Basement Type | None |
| Utility Water | Municipal Water |
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 157 Ft |
| Size Frontage | 134 Ft |
| Size Irregular | 0.464 |
| Size Total | 0.464 Ac|under 1/2 Acre |
| Size Total Text | 0.464 Ac|under 1/2 Acre |
| Zoning Description | C1rm2 |
| Water | Available |
https://www.realtor.ca/real-estate/29680487/868-king-street-e-cambridge
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