About this property

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.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X13504496
Status	Active
Listing Type	For Sale
Property Type	Land
Interior Size	5 sq ft
Lot Size	5 sq ft
Beds / Baths	0 bed · 0 bath
City	Cambridge
Postal Code	N1R 3L7
Province	ON
Listed Date	June 30, 2026
Days on Market	37
Price per Sq Ft	$2,200,000
Brokerage	COLLIERS