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Sat Jun 14, 2:00am - 4:00pm
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Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,307 sqft
Price per Sqft $458
MLS Listing ID 40737289
Style 1.5 Storey
Bedrooms 2
Full Baths 2
Abv Grd Liv Area 1,307
Annual Tax Amount $3,096
Property Sub-Type Detached
Source Waterloo Region
Property Description
Situated at the corner of Laurel and Lawrence in the charming community of Preston, this unique property has been in the same family for generations and is now being offered for sale by the estate. While the home itself—a 2 bedroom, 2 bathroom dwelling with a detached garage—is being sold in as-is condition, it remains livable and full of potential. The true value lies in the generous in-town lot, offering a rare development opportunity in a walkable, sought-after neighbourhood.
Measuring approximately 0.26 acres (with lot lines of 44.56 ft x 131.74 ft x 111.82 ft x 49.59 ft x 101.21 ft), this irregularly shaped property invites creative vision—whether you're looking to renovate, build new, or explore multi-unit possibilities (buyer to confirm development options directly with the City of Cambridge).
This property is perfect for enjoying everything Preston has to offer: just a short walk to vibrant downtown shops, cafes, and amenities, with miles of scenic trails nearby that follow the Grand and Speed Rivers. Riverside Park, a 256-acre natural haven, is just around the corner—complete with a splash pad, BMX park, ball diamonds, boardwalks, and birding areas for outdoor lovers of all ages.
With the planned Preston LRT station on the horizon, this is not only a lifestyle location, but a smart investment in the future of Cambridge. Don't miss your chance to shape what's next on this legacy lot in one of Preston's most walkable and welcoming neighbourhoods.
Location
Province ON
County Waterloo
Area 15 - Preston
Zoning R4
Direction King / Westminster / Lawrence / Laurel
Rooms
Basement Partial, Unfinished
Bedroom 2 2
Kitchen 1
Interior
Interior Features None
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Appliance Dryer, Refrigerator, Stove, Washer
Exterior
Parking Features Detached Garage, Gravel
Garage Spaces 1.0
Roof Type Asphalt Shing
Lot Frontage 49.15
Garage Yes
Building
Lot Description Urban, Playground Nearby, Shopping Nearby
Faces King / Westminster / Lawrence / Laurel
Sewer Sewer (Municipal)
Water Municipal
Architectural Style 1.5 Storey
Structure Type Other
New Construction No
Others
Senior Community No
Tax ID 037830115
Ownership Freehold/None
Virtual Tour https://media.visualadvantage.ca/520-Laurel-St/idx
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