30 & 36 Concession Street

30 Concession Street, Cambridge, ON, N1R 2G9, CA

Description

Jones Lang LaSalle Real Estate Services, Inc. (“JLL” or the “Advisor”) is pleased to offer for sale 30 & 36 Concession Street (the "Site" or "Property"), comprising 0.68 acre of high-density residential development land. Strategically located in downtown Cambridge, the Site is positioned 400 metres from the proposed Ainslie Terminal on the new ION Stage 2 LRT extension, connecting Cambridge and Kitchener-Waterloo to the Greater Toronto Area and downtown core.

Existing ownership has draft development plans contemplating up to 25 storeys. Developers have the option to execute on the existing plans or explore the potential to revise the design and add density beyond what has been previously contemplated.

The Site is currently improved with a car wash and two residential rental properties, providing in-place cash flow to offset holding costs for developers during the entitlement phase.

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