Prime Development Opportunity – 2032 Coronation Blvd, Cambridge Unlock the full potential of this exceptional property, located in a high-demand residential corridor in Cambridge. Set on a substantial 0.46-acre lot (approximately 160 ft frontage) with R2/R3 zoning, this property offers incredible flexibility for both immediate use and future development. Whether you're envisioning a multi-unit infill, townhome project, or holding for mid-rise residential redevelopment, this site is ideally positioned for growth. What makes this offering truly unique is the opportunity to combine with neighbouring properties also currently available, creating a significant land assembly with enhanced frontage and scale. Such a package is ideal for developers looking to capitalize on intensification policies and Cambridge’s evolving residential planning vision. Property Highlights: Zoning: R2/R3 – allows detached, semi-detached, triplex, rowhouse, and potential mid-rise (subject to approvals) Lot Size: 0.465 acres / approx. 20236 sq ft Frontage: Approx. 160 ft Official Plan: Designated Residential The property includes a character-filled **2-storey home (built 1921)** with **4 bedrooms, 2 baths**, and over 160 ft of frontage on a high-visibility, high-traffic corridor. Currently tenanted or owner-occupied use is possible, while you finalize your development plans. Located minutes from major transportation routes, schools, and shopping, this is a golden opportunity to secure a versatile, future-ready property in the heart of Cambridge.
Data was last updated July 22, 2025 at 05:50 PM (UTC)
Area Statistics
Listings on market:
63
Avg list price:
$699,000
Min list price:
$379,900
Max list price:
$4,499,000
Avg days on market:
35
Min days on market:
1
Max days on market:
229
Avg price per sq.ft.:
$423.78
These statistics are generated based on the current listing's property type
and located in
15 - Preston. Average values are
derived using median calculations. This data is not produced by the MLS® system.