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37 Southwood Drive Cambridge, Ontario N1S 3S3

$599,900

Prime infill development opportunity on a severed lot (68.14' x 100.26') in highly desirable West Galt neighbourhood of Cambridge. Already approved for two single-family dwellings, the property offers excellent potential for higher density such as a triplex or similar low-rise multiplex. Enjoy exceptional walkability with nearby grocery stores, schools, parks, and more. The vibrant Gaslight District, with its shops, restaurants, and the iconic Hamilton Family Theatre, is readily accessible. This premium location, with mature trees enhancing the established charm, is in one of Cambridge’s most sought-after areas combining family-friendly appeal with strong income potential, ideal for developers focused on boutique infill projects like duplexes, triplexes, or townhomes. Three flexible development concepts include: Concept 1 – two single-detached homes, each with potential ADU; Concept 2 – one single-detached home with potential for two ADUs; Concept 3 – three 3-bedroom townhomes (each with 1+1 bath), single garage, and self-contained 1-bedroom legal basement apartment, projecting approximate rents of $2,600 per townhouse plus $1,600 per additional unit for outstanding cash flow. Strong density, mature surroundings, and proven rental demand make this an investor's dream in the heart of West Galt. (id:61445)

Property Details

MLS® Number 40805307
Property Type Vacant Land
AmenitiesNearBy Hospital, Public Transit, Schools
Features Corner Site

Building

BasementType None
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Hospital, Public Transit, Schools
Sewer Municipal Sewage System
SizeDepth 100 Ft
SizeFrontage 68 Ft
SizeTotalText Under 1/2 Acre
ZoningDescription R5

Utilities

Cable Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/29368148/37-southwood-drive-cambridge

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Don Mackey
Salesperson


Revel Realty Inc., Brokerage
73 Water Street North, Suite 300a
Cambridge, Ontario N1R 7L6

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