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Basara.

Cambridge · Elgin Park/Coronation · Detached · MLS# 40826873

7 LIBERTY Drive

$789,900

2

bed

2

bath

891

sqft

1950

built

Detached · $887/sqft

Listed May 7, 2026

About this home.

Rare Development Opportunity! Half-Acre Lot with Adjoining Property & Approved Townhouse Project. This is a prime opportunity for investors, developers, and builders in a great location. Situated on a spacious half-acre lot, this property offers incredible potential, not only as a custom build site or investment hold, but as part of a larger development vision. What makes this opportunity truly unique is that the lot adjoins a neighbouring property that is also available for sale, creating the potential to secure a full acre or more. Even more compelling: the adjacent properties are part of an approved upcoming townhouse development, adding momentum and value to the surrounding area. Whether you're envisioning expanded lot coverage, a multi-family build, or a future residential project, this land offers the flexibility and positioning to bring your vision to life. Located close to schools, amenities, and major commuter routes, this site is perfectly situated for long-term growth and development. Opportunities like this, land with scale, potential, and proximity to approved developments, are rare. Don’t miss your chance to build or invest with confidence. (id:59491)

The full record.

Property typeDetached
Year built1950
Square footage891 sqft
Lot size0.485 acres
Bedrooms2
Bathrooms2
HeatingForced air,, ,Natural gas
CoolingCentral air conditioning
ListedMay 7, 2026

How this listing prices against Elgin Park/Coronation.

11

Sales

$635,000

Median price

21

Days on market

97.6%

% of list

22

Active listings

N/A

Months supply

Elgin Park/Coronation posted 9 sales and 24 active listings, making it one of Cambridge's steadier mid-market neighbourhoods this period. The average sale price was $660,000, below the city average, while homes sold in 21.33 days and at 97.95% of list, almost in line with citywide conditions. This area had meaningful movement in both freeholds and condos, which is not true everywhere in Cambridge right now. The split market gives buyers options across different property types without a major gap in pricing power.

Read the full Cambridgereport →

Estimate the monthly carry.

Down payment
%($157,980)
Mortgage rate
%
Amortization
years

Estimated monthly payment

$3,617

Principal$631,920
Total interest$453,252
Total paid$1,085,172

Estimate only. Excludes property tax, condo fees, and insurance.

Questions on this property?

Neso Basara

RE/MAX Icon Realty

Waterloo Region

Use the chat button to message me directly.

Or email me at neso@basara.ca

7 LIBERTY Drive, Cambridge — $789,900 | Basara