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Richard Rutkowski

[email protected] +1(905) 876-6660

Listed by John Mccash • REGION-WIDE REAL ESTATE INC.

$ 7,400,000

Est. payment -/mo

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621-623 Hespeler Road Cambridge, ON N1R 6J3

20,800 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 20,800 sqft

Price per Sqft $355

MLS Listing ID 40870385

Abv Grd Liv Area 20,800

Annual Tax Amount $94,829

Lot Size 1.930 Acres

Acres 1.93

Property Sub-Type Building and Land

Source Cornerstone

Property Description

Strategic commercial investment and high density redevelopment opportunity. 621-623 Hespeler Road, Cambridge. Rare two building commercial investment opportunity. Offered as a single property comprising two separate commercial buildings. 621 Hespeler Rd is leased to an established veterinary clinic, providing existing income, while 623 Hespeler Rd is a separate vacant commercial/warehouse building offering flexibility for leasing, owner-user or future repositioning. The property is designated mixed use high rise, providing potential for future intensification, subject to applicable planning, zoning and municipal approvals. The designation may support consideration of various commercial and residential uses, including retail, commercial service, office and multiple-residential development, subject to approvals. Prominent Hespeler Road location with excellent visibility and accessibility. An attractive combination of existing income, a vacant second building and long term development optionality. LAND AND BUILDINGS ONLY; BUSINESSES, CHATTELS AND TENANT'S PERSONAL PROPERTY EXCLUDED. OFFICIAL PLAN DESIGNATED - MIXED USE (INCLUDING RESIDENTIAL), MAJOR TRANSIT STATION AREA.

Location

Province ON

County Waterloo

Area 15 - Preston

Zoning C4/MUHD

Direction Take ON-401 to Hespeler Rd/Waterloo Regional Rd 24 in Cambridge, take exit 282 from ON-401 South Hespeler Road

Rooms

Basement None

Kitchen 0

Interior

Fireplace No

Exterior

Garage Description 5 per 100 m2

Utilities Available Electricity Connected, Natural Gas Connected

Lot Frontage 154.92

Lot Depth 515.76

Garage No

Building

Lot Description Airport, Ample Parking, High Traffic Area, Highway Access, Public Transit, Visual Exposure

Faces Take ON-401 to Hespeler Rd/Waterloo Regional Rd 24 in Cambridge, take exit 282 from ON-401 South Hespeler Road

Story 1

Foundation Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Structure Type Block,Concrete,Stone

New Construction No

Others

Senior Community No

Tax ID 226420009

Ownership Freehold/None

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Richard Rutkowski

License Partner | Broker of Record License ID: HBRUTKORI

+1(905) 876-6660

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