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61-69 Ainslie St S
Cambridge, ON N1R 3K4
Land For Sale
·
1.80 AC
Investment Highlights
- The proposed development can be serviced through the existing sanitary and storm sewer systems adjacent to the Site.
- Prime location in Cambridge’s Galt City Centre with scenic Grand River views and nearby green spaces.
- Adjacent to Ainslie Bus Terminal and future LRT.
- Stormwater management flow patterns for the development remain similar to existing conditions.
- ±399 residential units with diverse suite mix with ±8,547 SF of commercial space at ground level.
- Environmental assessments and servicing in place.
Executive Summary
CBRE, on behalf of B. Riley Farber Inc. as court-appointed receiver, presents a rare opportunity to acquire a prime ±1.8-acre mixed-use development site at 61–69 Ainslie Street South in the heart of Cambridge’s historic Galt City Centre. This high-density site is ideally positioned for transformative urban development, with advanced zoning applications already submitted to support two high-rise towers of 18 and 21 storeys, joined by a five-storey podium featuring ground-floor commercial space.
The proposed development includes ±399 residential units and ±8,547 SF of commercial space, totaling ±296,008 SF of gross floor area. Structured parking for 340 vehicles, including 305 residential spaces, is planned within a single level of underground parking. The suite mix is thoughtfully designed to meet diverse market demand, ranging from studios to three-bedroom units.
Strategically located adjacent to the Ainslie Bus Terminal and just 150 metres from the future Phase 2 Downtown Cambridge LRT stop, the site offers unmatched transit connectivity. It also benefits from proximity to Highway 401, making regional access seamless. Residents will enjoy scenic Grand River views and immediate access to walking trails, green spaces, and a vibrant mix of local shops, cafes, and cultural venues.
Environmental due diligence is complete, with Phase I and II assessments filed and a Record of Site Condition available. Servicing is supported by existing sanitary and storm sewer infrastructure.
This offering represents a compelling opportunity to shape the future of downtown Cambridge with a landmark mixed-use development in a rapidly evolving urban core.
The proposed development includes ±399 residential units and ±8,547 SF of commercial space, totaling ±296,008 SF of gross floor area. Structured parking for 340 vehicles, including 305 residential spaces, is planned within a single level of underground parking. The suite mix is thoughtfully designed to meet diverse market demand, ranging from studios to three-bedroom units.
Strategically located adjacent to the Ainslie Bus Terminal and just 150 metres from the future Phase 2 Downtown Cambridge LRT stop, the site offers unmatched transit connectivity. It also benefits from proximity to Highway 401, making regional access seamless. Residents will enjoy scenic Grand River views and immediate access to walking trails, green spaces, and a vibrant mix of local shops, cafes, and cultural venues.
Environmental due diligence is complete, with Phase I and II assessments filed and a Record of Site Condition available. Servicing is supported by existing sanitary and storm sewer infrastructure.
This offering represents a compelling opportunity to shape the future of downtown Cambridge with a landmark mixed-use development in a rapidly evolving urban core.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Court Appointed Sale | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.80 AC |
| Property Type | Land | ||
| Zoning | (F)C1RM1 - Commercial and residential | ||
| Sale Type | Investment |
| Sale Condition | Court Appointed Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.80 AC |
| Zoning | (F)C1RM1 - Commercial and residential |
1 Lot Available
Lot
| Price | $5,563,772 USD | Lot Size | 1.80 AC |
| Price Per AC | $3,090,984.63 USD |
| Price | $5,563,772 USD |
| Price Per AC | $3,090,984.63 USD |
| Lot Size | 1.80 AC |
On behalf of B. Riley Farber Inc. as court-appointed receiver, are pleased to offer for sale 61-69 Ainslie Street South (the “Property” or the “Site”), a ±1.8 acre high-rise mixed-use development site in the Galt core area of Cambridge
Description
61–69 Ainslie Street South is situated in a central, urban location within downtown Cambridge, offering a highly accessible and amenity-rich setting. The site benefits from direct frontage along Ainslie Street, a well-traveled corridor that supports strong pedestrian and vehicular activity throughout the day. The surrounding area is characterized by a vibrant mix of retail, service, office, and residential uses, contributing to a dynamic streetscape and steady foot traffic.
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