355 Guelph Avenue
355 Guelph Avenue
$1,199,000
59 days on market
About This Listing
An exceptional infill development opportunity in Cambridge, comprising 355 Guelph Avenue and 11 Fletcher Circle (offered as a combined 0.59-acre / 0.24-hectare parcel). Rezoned to RM4 (Site-Specific Provision S4.1.421) in March 2022, the site is positioned for an 8-unit freehold townhouse project. Consent applications (B02/25 through B08/25) received staff-recommended approval in June 2025 and remain valid until June 18, 2027. Significant preliminary engineering and regulatory hurdles have been cleared to accelerate project timelines. The existing house on the property is vacant and sold strictly "as is, where is." Favorable Seller VTB (Vendor Take-Back) financing is available to qualified buyers, offering strategic leverage to optimize project yields. This opportunity represents a streamlined acquisition for builders looking to deliver premium missing-middle housing in the Waterloo Region.
| Monthly Mortgage (P&I) | $5,224 |
| Property Tax (MLS) | $449 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $5,673 |
Down payment: $239,800 (20.0%) · Mortgage: $959,200
Property tax uses MLS annual tax of $5,383/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by RE/MAX Real Estate Centre Inc.
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Data last updated: August 23, 2026 at 10:25 a.m.