Stabilization/Solidification (S/S) has been widely used in soil remediation to both improve physical properties and immobilize extensive contaminants. GGBS (granulated ground blast furnace slag)-MgO-CaO (GMCs) was used to treat Pb/Zn contaminated soil. The physical and microstructural characteristics of stabilized/solidified contaminated soil were investigated in this study. Microstructural analysis showed that the main hydration products of GMC treated contaminated soil were C-S-H and hydrotalcite like gels (Ht), which dominated the physical strength of S/S soil. The unconfined compressive strength (UCS) and the leachability of GMC treated contaminated soil were improved with the increase in GMC proportion (5%-15%), curing time (7 days and 28 days) and temperature (5 °C, 21 °C and 45 °C) due to the enhanced hydration. The compressive strengths of the majority mixes met the US EPA criterion (0.35 MPa). The strength of S/S soils was less affected by the increase of curing temperature after a longer curing period (28 days). According to the XRD and SEM results, both Pb and Zn in S/S contaminated soil could be immobilized by the precipitation and the adsorption on the surface of calcium silicate hydrate (C-S-H). Zn can also be incorporated into the structure of C-S-H and Ht. The addition of Pb/Zn decreased the physical strength in the order of: Pb(5000 mg/kg)>Pb(10000 mg/kg)>Zn/Pb(5000 mg/kg)>Pb(20000 mg/kg).