Cindy DaCosta REMAX

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Cindy DaCosta REMAX Helping people achieve their real estate goals since 1989. Easy to reach, always available. You can

10/04/2026
10/03/2026
09/20/2026

One Property. Three Outstanding Opportunities. Build your dream home. Develop 5 freehold townhomes. Maximize density with a concept for up to 12 residential units.

Rare development opportunity with exceptional flexibility! This cleared 129’ x 94’ RES-4 zoned parcel offers multiple possibilities—from a custom estate home to duplex, triplex, fourplex, semis or a 5-unit freehold street townhouse development. Backing onto a protected woodlot and Lakeside Park, this premium setting offers future owners the rare benefit of natural green space and recreational amenities right behind the property. Concept plans, renderings and supporting reports are available for a proposed townhouse project incorporating additional residential units (ARUs) for up to 12 total dwelling units.

Significant due diligence has already been completed, including survey, topographic survey, slope stability report, concept plans and engineering work, saving valuable time and expense. The lot has been cleared, addressing previous woodlot considerations. For buyers seeking a custom home, the City has advised a single-family residence may proceed with a septic system, eliminating the need for the sewer extension. Building permit drawings and septic design for a custom home are also available. An outstanding opportunity for builders, developers or those looking to create a dream home on a premium lot with extensive planning work already completed.

MLS # 40849815

09/14/2026

LISTED FOR UNDER $150,000!

LOT 1 - $119,000 - Build Your Vision on This Prime Infill Lot! This building lot offers an outstanding opportunity for builders, investors, or those looking to create a custom home. Preliminary planning has already been completed, including a site plan identifying the proposed building envelope and required setbacks, helping streamline the design process. The property’s current zoning supports multiple possibilities. Buyers may choose to construct a thoughtfully designed **single-family home with an attached garage**, or explore the potential for a **duplex**. Concept plans have been prepared for a modern two-storey design featuring approximately **1,260 sq. ft.** in the main residence, with the potential for a **637 sq. ft. lower-level secondary unit**, creating an excellent opportunity for multi-generational living or rental income. Whether you’re a builder seeking your next project or a homeowner looking to create a custom residence, this property offers exceptional flexibility and future potential.

LOT 2 - $139,000 - Excellent Infill Development Opportunity! This approximately building lot offers an exceptional opportunity for builders, investors, and those looking to maximize the potential of a well-located property. Preliminary planning has already been completed, including a site plan identifying the proposed building envelope and required setbacks, providing a valuable head start in the development process. The property’s current zoning supports a variety of residential possibilities, including the potential for a duplex. Concept plans envision a modern two-storey design featuring either a 480 sq. ft. lower-level unit with a 960 sq. ft. two-storey upper unit, or an alternative layout consisting of two approximately 720 sq. ft. self-contained units. Planned tandem parking accommodates current parking requirements without the need for a garage, maximizing the building footprint and functionality. A fantastic opportunity to build an income-generating investment property or create a thoughtfully designed multi-unit residence in a desirable location.

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Address

766 Hespeler Road
Cambridge, ON
N1S5B3

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