193 Water Street S, Cambridge, ON N1R 3L7, Cambridge, ON
5.056 sqft
Colliersis pleased to present the opportunity to acquire a 100% freehold interest in 193 Water Street South, Cambridge, Ontario (the "Property" or "Site"). The 5.06-acre Site comprises three land parcels and is improved with a detached dwelling fronting onto Highman Avenue, with the remaining lands vacant and unimproved. The Site is OPA and ZBA approved, permitting the development of five 15-storey residential apartment buildings containing a total of 991 residential units. The Site is located east of Water Street South and west of Highman Avenue, within an area characterized by a mix of established residential neighbourhoods, parks, and amenities, and is a 10-minute walk from Downtown Cambridge. The location offers strong regional connectivity via Highway 8 and Highway 401, accessible within a 7-minute drive, providing efficient access across the Region of Waterloo and the Greater Toronto Area. Convenient access to public transit is available, with a bus stop located 300 metres away and the Ainslie Street Bus Terminal located 1 kilometre from the Site. The planned future Light Rail Transit (LRT) extension is expected to further enhance connectivity, with a stop anticipated near the Ainslie Terminal within walking distance.
Property Highlights
For Sale
MLS NO.
X13504496
Type
Commercial
Sub Type
Land
Square Footage
5.056 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Land
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X13504496
Lot Width
761.33
Lot Size
5.056
Lot Size Units
Acres
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
193 Water Street S, Cambridge, ON N1R 3L7
City
Cambridge
County / Region
Waterloo
Province / State
ON
Postal Code
N1R 3L7
Cross Street
Water Street South & Elliott Street
Directions
Water Street South & Elliott Street
List Price
$11,000,000
Annual Taxes
$4,746
Tax Year
2025
Legal Description
LT 22 PL 873 CAMBRIDGE; PT LT 21 PL 873 CAMBRIDGE AS IN WS656876; CAMBRIDGE*
Possession Type
Immediate
Possession Details
Immediate
Listing Office
COLLIERS
Board
Toronto Regional Real Estate Board
Original Entry
2026-06-30T14:16:23Z
Media Updated
2026-06-30T14:16:23Z
Photos Updated
2026-06-30T14:16:23Z
Last Modified
2026-06-30T14:16:23Z
System Modified
2026-06-30T14:16:23.137208Z
MLS Status
New
Ddfyn
Yes
Expiration Date
2027-06-29
Hstapplication
In Addition To
Occupant Type
Vacant
Originating System Id
A00001796
Parcel Number
038400057
Public Remarks
Colliersis pleased to present the opportunity to acquire a 100% freehold interest in 193 Water Street South, Cambridge, Ontario (the "Property" or "Site"). The 5.06-acre Site comprises three land parcels and is improved with a detached dwelling fronting onto Highman Avenue, with the remaining lands vacant and unimproved. The Site is OPA and ZBA approved, permitting the development of five 15-storey residential apartment buildings containing a total of 991 residential units. The Site is located east of Water Street South and west of Highman Avenue, within an area characterized by a mix of established residential neighbourhoods, parks, and amenities, and is a 10-minute walk from Downtown Cambridge. The location offers strong regional connectivity via Highway 8 and Highway 401, accessible within a 7-minute drive, providing efficient access across the Region of Waterloo and the Greater Toronto Area. Convenient access to public transit is available, with a bus stop located 300 metres away and the Ainslie Street Bus Terminal located 1 kilometre from the Site. The planned future Light Rail Transit (LRT) extension is expected to further enhance connectivity, with a stop anticipated near the Ainslie Terminal within walking distance.
