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61-65 Nottinghill Dr 1.98 Acres of Residential Land Offered at $7,300,000 CAD in Cambridge, ON N1T 2E2
Investment Highlights
- Approximately 1.98-acre development site zoned for high-density residential use.
- Highly connected location near major retail nodes, schools, and transit access points.
- Strong market fundamentals with rising homeownership costs and rental demand.
- Concepts allow for stacked townhouses or mid-rise apartment configurations up to 214 units.
- Walking distance to planned Cambridge Recreation Complex and recreational trails.
Executive Summary
61-65 Nottinghill Drive (the "Property" or "Site") in Cambridge, Ontario represents a rare opportunity to acquire a medium density, residential development site in a rapidly growing market in Southwestern Ontario. Situated within the Moffat Creek neighbourhood the 1.98 acre Site possess as of right zoning permitting mixed terraces (stacked towns) and apartments. Concepts yield between 106-116 townhouse units comprising up to 123,570 SF of potential GFA with 130-136 parking spaces. Additionally, the construction of a 6-storey apartment for purpose-built rentals or condominiums could be pursued yielding up to 214 units. With frontages on the south side of Main Street and west side of Nottinghill Drive, this corner location is slated for inclusion within Main Street and Dundas Street Community Node of Cambridge. The area has experienced significant development investment in recent years, with numerous residential subdivisions surrounding the Property.
Property Facts
| Price | $7,300,000 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 1.98 AC |
| Property Type | Land | ||
| Zoning | (H) RM2 | ||
| Price | $7,300,000 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 1.98 AC |
| Zoning | (H) RM2 |
1 Lot Available
Lot
| Price | $7,300,000 CAD | Lot Size | 1.98 AC |
| Price Per AC | $3,686,868.69 CAD |
| Price | $7,300,000 CAD |
| Price Per AC | $3,686,868.69 CAD |
| Lot Size | 1.98 AC |
Description
Positioned at the southwest corner of Main Street and Nottinghill Drive, this site benefits from its proximity to retail services at South Cambridge Shopping Centre and Highland Shopping Centre. Future residents will have direct access to extensive transit links, Grand River Transit routes, and recreational amenities including the new Cambridge Recreation Complex currently under development. The area has experienced significant residential growth, with completed communities such as Nottinghill and ongoing master-planned projects by leading builders.
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
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61-65 Nottinghill Dr
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