About this property

Rare opportunity to acquire a cleared, shovel-ready development parcel in the heart of Preston, Cambridge's fastest-evolving transit-oriented corridor. This 20,193 sq ft (0.464 acre) corner lot delivers 133.95 ft of premium frontage on King Street East with additional exposure on Lowther St E, offering irreplaceable visibility and access. Zoned C1RM2 (Commercial / Multi-Residential) with a Mixed Use (Including Residential) Official Plan designation and Major Transit Station Area (MTSA) overlay, the site offers developers the potential of a wide variety of build options. Strategically positioned, the property is within walking distance of the planned Stage 2 ION LRT station at King Street East and Eagle Street in addition to the Preston downtown core, schools, shopping, restaurants, parks and grocery. Highway 401 access in 5 to 7 minutes; Site is currently vacant, cleared, and ready for design. Phase II ESA, Archaeological Report as well as survey available to qualified purchasers under confidentiality.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X13065006
Status	Active
Listing Type	For Sale
Property Type	Land
Interior Size	0 sq ft
Beds / Baths	0 bed · 0 bath
City	Cambridge
Postal Code	N3H 3P2
Province	ON
Listed Date	April 30, 2026
Days on Market	98
Brokerage	RE/MAX Real Estate Centre Inc.