308 St. Andrews Street - Aerial View

308 St. Andrews Street

Prime Rental Apartment Development Opportunity
$3,295,000

1.65 acres | 172 units | Pre-consulted | West Galt, Cambridge

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1.65 Acres
172 Units
6 Storeys
121 Parking Spaces
12 Mo Approval Timeline
Dec 1 Offer Review Date

Exceptional Development Opportunity

Pre-consulted 172-unit rental apartment building in Ontario's high-demand rental market. City staff have indicated general support for increased residential density on this strategic infill site.

  • Pre-consultation completed with City of Cambridge
  • CS5 zoning - Arterial road frontage on St. Andrews Street
  • Adjacent to Byton Lane Park
  • Delineated Built-Up Area (Regional Official Plan)
  • West Galt neighbourhood - established residential area
  • Excellent transit access (Grand River Transit)
  • 30% affordable units proposed
  • Eligible for Affordable Housing CIP incentives

Planning Pathway

Required Approvals

1. Official Plan Amendment (OPA)
2. Zoning By-law Amendment (ZBA)
3. Site Plan Approval (SPA)

Current Designation

Low/Medium Density Residential (40 units/hectare max)

Proposed Designation

High Density Residential (260 units/hectare)

Timeline

Approximately 12 months from application submission

City Staff Position

"General support for increased residential density"

Prime Location

308 St Andrews Street sits just minutes from downtown Cambridge and close to the Bus Terminal, the future Stage 2 ION LRT terminus that will link Cambridge to Waterloo by light rail. The location is well connected, with transit at your doorstep, bike lanes along the street, nearby parks, and direct access to St Andrews Street—an established arterial road that offers a fast route to Highway 401, Highway 24, and everyday conveniences.

Transit & Connectivity

  • Cambridge Bus Terminal
  • ION Stage 2 terminus (2032)
  • Grand River Transit routes
  • GO Transit to GTA
  • Highway 401 & 24 access
  • Dedicated bike lanes

Walkability

  • Downtown Cambridge nearby
  • UW School of Architecture
  • The Gaslight District
  • Adjacent to Byton Lane Park

Retail & Services

  • Walmart Supercentre
  • Costco Wholesale
  • The Home Depot
  • Food Basics
  • Shoppers Drugmart
  • Restaurants and services

Healthcare & Education

  • Cambridge Memorial Hospital
  • Canamera Medical Centre
  • UW School of Architecture
  • Conestoga College - Main Street
  • Summit College
  • Herzing College Cambridge

Request Information Package

Register your interest to receive planning reports and concept plans. Complete due diligence package available with conditional offer.

Thank you! Your information request has been submitted. Milka Piotti will contact you shortly with the planning reports and concept plans.
Terms of Use

By requesting access to information related to 308 St. Andrews Street, Cambridge, Ontario (the "Property"), you acknowledge and agree that:

1. All information is provided "as is" without warranty or representation
2. You are responsible for conducting your own due diligence and verification
3. Information is provided for evaluation purposes only
4. Neither Casam Realty Inc., Brokerage nor the property owner make any representations regarding accuracy or completeness
5. You will use the information solely to evaluate this development opportunity
6. This does not create any obligation or commitment by any party

By submitting this form, you confirm you have read and understand these terms.

Investment Highlights

Ontario Rental Market

Ontario continues to experience strong demand for purpose-built rental housing. The 172-unit proposal positions this as a significant opportunity in the Cambridge rental apartment market. Additional market analysis available covering student housing potential for developers exploring alternative scenarios.

Transit-Oriented Development

The property offers direct transit access to the Cambridge Bus Terminal—the future Stage 2 ION LRT terminus approved by Regional Council in December 2023 and expected to open in 2032. This makes the site ideally positioned for transit-oriented rental housing, with a seamless future light-rail connection linking Cambridge to Waterloo..

Offer Submission

Offer Review Date: Monday, December 1, 2025 at 5:00 PM

All offers will be presented to the Seller. Serious inquiries only. Contact listing agent for offer presentation requirements.

Available Documents

After Registration (Tier 1):

  • Concept Plans & Site Layout
  • Planning Report
  • Student Housing Market Analysis (optional)

Full Due Diligence Package (After Conditional Offer):

  • City Pre-consultation Comments (May 2025)
  • Complete Appraisal Report
  • Phase I Environmental Site Assessment
  • Phase II Environmental Site Assessment
  • Geotechnical Investigation Report
  • Survey
  • Title Documents
  • Full Planning Documentation