N1R Commercial Land Properties for Sale

Commercial Real Estate in N1R available for sale

N1R Commercial Land for Sale

61-69 Ainslie St S

Cambridge, ON N1R 3K4

Land for Sale
$7,900,000 CAD
1.80 AC Lot

Cambridge Land for Sale - Western GGH

CBRE, on behalf of B. Riley Farber Inc. as court-appointed receiver, presents a rare opportunity to acquire a prime ±1.8-acre mixed-use development site at 61–69 Ainslie Street South in the heart of Cambridge’s historic Galt City Centre. This high-density site is ideally positioned for transformative urban development, with advanced zoning applications already submitted to support two high-rise towers of 18 and 21 storeys, joined by a five-storey podium featuring ground-floor commercial space. The proposed development includes ±399 residential units and ±8,547 SF of commercial space, totaling ±296,008 SF of gross floor area. Structured parking for 340 vehicles, including 305 residential spaces, is planned within a single level of underground parking. The suite mix is thoughtfully designed to meet diverse market demand, ranging from studios to three-bedroom units. Strategically located adjacent to the Ainslie Bus Terminal and just 150 metres from the future Phase 2 Downtown Cambridge LRT stop, the site offers unmatched transit connectivity. It also benefits from proximity to Highway 401, making regional access seamless. Residents will enjoy scenic Grand River views and immediate access to walking trails, green spaces, and a vibrant mix of local shops, cafes, and cultural venues. Environmental due diligence is complete, with Phase I and II assessments filed and a Record of Site Condition available. Servicing is supported by existing sanitary and storm sewer infrastructure. This offering represents a compelling opportunity to shape the future of downtown Cambridge with a landmark mixed-use development in a rapidly evolving urban core.

Contact:

CBRE

Property Subtype:

Commercial

Date on Market:

2024-10-29

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Land Properties for Sale Within of N1R

201 Water St S

Cambridge, ON N1R 3L7

Land for Sale
$10,300,000 CAD
3.76 AC Lot

Cambridge Land for Sale - Western GGH

An exceptional opportunity to acquire a draft plan-approved residential site in the heart of Cambridge. The 3.76-acre parcel is approved for three towers—two at 13 storeys and one at 9 storeys—on a shared 3-storey podium, totaling 330 units and nearly 300,000 SF of buildable space. Located in the Kinbridge neighborhood, the site is surrounded by parks, schools, and the Grand River, with easy access to Highway 401 and the future LRT. The area is undergoing rapid transformation, making this a strategic investment in a growing urban corridor. The development includes 416 parking spaces, 117 bicycle spots, and flexible access points. A road dedication reduces the net site area to 3.74 acres. Unit mix includes 1-bedroom, 1+den, and 2-bedroom layouts.