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For saleMLS® X13095934

475 Witmer Street, Cambridge, ON N3H 0A4

Preston · N3H 0A4

$19,000,000

$9 / sq ft

6 months on market

Interior
2,052,547 sf
0

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About this property

Exceptional opportunity to acquire approximately 47 acres of prime heavy industrial zoned land in the heart of Cambridge with Hwy 401 frontage. The property can be used for a variety of industrial uses including transportation, outdoor storage, manufacturing, transloading, extraction, refining or smelting of metals. Estimated to be approximately 16 acres developable, located in an established industrial node with proximity to local amenities and corporate neighbors. Opportunity to buy a rare infill industrial site in central Cambridge with attractive heavy industrial zoning. Potential for rail access.

Property details

Property

Property type
vacant land
Interior size
2,052,547 sq ft
Zoning
M4
Possession
Immediate

Interior

Cooling
No

Costs

List price
$19,000,000
Price per sq ft
$9

Listing

MLS® number
X13095934
Status
For sale
Listed
May 7, 2026
Days on market
182
Last updated
October 5, 2026
Listing brokerage
CBRE LIMITED

Price & sale history

This property's sale history is hidden

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced above most comparable listings — about 100% of comparable vacant land listings in Preston are asking less.

$340KMedian $947K$4.33M

Based on 8 comparable active vacant land listings in Preston. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $3,800,000
$3,800,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$84,043.41
Estimated monthly
$84,043

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$461,475
Total due on closing
$461,475

An estimate on the asking price of $19,000,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of CBRE LIMITED. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$19,000,000

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Comparable sales nearby

What similar homes in this area actually sold for.

Nearby sold prices are hidden

Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.

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