683 PRESTON Parkway — photo 1For sale

I don't have enough recent comparable sales to call this one's price, but new this week. Here's everything I've got on it — ask me anything.

Cambridge · Waterloo Region

683 PRESTON Parkway

Vacant Land

MLS® #X13840774

Listed for$899,0001 day on market
— bed — bath
  • New this week
  • 3 schools within 1 km
  • Transit stop ~100 m
Free · about 10 seconds

Is $899,000 a fair price?

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Est. all-in monthly~$4,962/momortgage + property tax + maintenance · 20% down · example rate (compounded semi-annually) — the math on the list price, not a quote or what you can afford. For real rates, Alex can connect you with a mortgage pro.

On the map

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This home below comps above in lineOpen full map →

3 schools within ~1 km · nearest transit stop ~0.1 km

Property information
What house buyers ask first
Lot size
1.7 sq ft
Property tax
$9,353 / yr

Property summary

Property type
Vacant Land
Style
Other
Lot size
1.7 sq ft
Property tax
$9,353 / yr
MLS®
X13840774

As stated by the MLS®, nothing inferred.

Nearby homes for sale

Below-comps first · all nearby homes shown, not just the good-value ones.

755 Linden Dr Unit 37 DriveAtt/Row/Townhouse

$579,900

Below recent sales

755 Linden Dr Unit 37 Drive

3 bed · 3 bath·1500-2000 sq ft·2 parking

Cambridge · Waterloo Region

Listed 15 days ago · RE/MAX Twin City Realty Inc.

582 Linden Drive, Unit 68Att/Row/Townhouse

$599,999

Below recent sales

582 Linden Drive, Unit 68

4 bed · 3 bath·1500-2000 sq ft·2 parking

Cambridge · Waterloo Region

Listed 25 days ago · Canadian Real Estate Group Inc.

  • Listing states: renovated
395 Linden Drive, Unit 2Att/Row/Townhouse

$649,900

Below recent sales

395 Linden Drive, Unit 2

3 bed · 3 bath·1500-2000 sq ft·2 parking

Cambridge · Waterloo Region

Listed 20 days ago · RE/MAX Real Estate Centre Inc

  • Listing states: renovated
445 Sherring StreetDetached

$999,999$1,100,000Price reduced from $1,100,000

Below recent sales

445 Sherring Street

4+1 bed · 3 bath·3000-3500 sq ft·3 parking

Cambridge · Waterloo Region

Listed 20 days ago · RE/MAX Twin City Realty Inc.

  • Listing states: renovated
414 Woods LaneDetached

$709,900

Above recent sales

414 Woods Lane

3+1 bed · 2 bath·700-1100 sq ft·2 parking

Cambridge · Waterloo Region

Listed 2 days ago · RE/MAX Real Estate Centre Inc.

269 River Forks LaneDetached

$1,599,900

Above recent sales

269 River Forks Lane

4+1 bed · 5 bath·2500-3000 sq ft·4 parking

Cambridge · Waterloo Region

Listed 16 days ago · North 2 South Realty

  • Listing states: renovated
The numbers that matter
The numbers that matter
Property tax
$9,353/yr
Est. all-in
~$4,962/mo
Nearby rental listings are facts. Whether it works as a rental is a chat with Alex — not a number I’ll put on it.
Schools

Schools near this home, closest first by straight-line distance. These are factual locations — AskEmma doesn’t rate or rank schools.

  • Parkway Public SchoolPublic · Elementary · Waterloo Region DSB0.6 km
  • Preston High SchoolPublic · Secondary · Waterloo Region DSB0.9 km
  • St Joseph Catholic Elementary SchoolCatholic · Elementary & Secondary · Waterloo CDSB0.9 km
  • Preston Public SchoolPublic · Elementary · Waterloo Region DSB1.7 km
  • Grand View Public SchoolPublic · Elementary · Waterloo Region DSB1.8 km

Locations: Open Database of Educational Facilities (ODEF), Statistics Canada v2.1 (2022) · Open Government Licence – Canada. School locations as of 2022 — confirm current catchment and enrolment with the school board. For official provincial results, check EQAO.

Getting around

Public transit near this home, by straight-line distance. Factual locations from OpenStreetMap — not walking time, and not a rating.

  • Preston Pkwy. / WoodsNearest transit · Bus stop~100 m
  • KitchenerNearest GO / rail · GO / regional rail~11.8 km

Locations: OpenStreetMap public-transit stops, © OpenStreetMap contributors · Open Database Licence (ODbL). Stop locations from OpenStreetMap — confirm current routes and service with the transit agency.

Community — Cambridge
$643KMedian sold
29Median days on market
100.5%Sale-to-list
Median sold price · Cambridge1-yr -8% · 3-yr —
Source: TRREB sold data via Repliers · all property types
Neighbourhood demographics — Cambridge
138,479Population (2021)
39.2Median age
$93,000Median household income
68.9%Home owners
31.1%Renters
2.7Avg household size
Source: Statistics Canada, 2021 Census
Description & details

An exceptional opportunity to acquire approximately 1.105 acres of strategically located development land along King Street East, surrounded by established residential communities and an extensive range of schools, parks, shopping, transit, services, and everyday amenities. The property is currently zoned R2 - Medium-High Density Residential, offering the potential for a range of multiple-unit residential uses. The R2 zoning adds significant appeal for builders, developers, and investors seeking land with residential development potential. With approximately 1.105 acres of land, the property provides a variety of future residential concepts, subject to applicable zoning provisions, municipal requirements and all required approvals. Its location along King Street East provides convenient connectivity while placing future residents within close proximity to schools, parks, public transit, shopping, restaurants and other essential amenities. The combination of substantial land area, R2 Medium-High Density Residential zoning, established surrounding neighbourhoods, and convenient access to major amenities makes this an opportunity to investigate the possibilities for future residential development. Whether you are a builder looking for your next project, a developer seeking a strategically positioned residential parcel or an investor exploring long-term development potential, this property offers an opportunity to secure a sizeable development site in an established and desirable location. Development potential is subject to municipal approvals, zoning compliance, permitted-use requirements, site plan approval, servicing and infrastructure capacity, environmental and technical requirements, and all other applicable approvals and regulations. Buyers and their representatives are advised to conduct their own independent due diligence. A rare opportunity to acquire and explore the potential for future residential development in a well-established and highly connected area.

The data only goes so far — condition, light and layout are worth seeing in person, with a home inspection, before you commit.

Listed by RE/MAX TWIN CITY REALTY INC.. Showings via AskEmma by Alex Goodman, Sales Representative, RE/MAX Your Community Realty, Brokerage.