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Listed by Cory De Villiers • RED AND WHITE REALTY INC.
$ 2,100,000
Est. payment | /mo
4,000 SqFt
$ 2,100,000
Est. payment | /mo
4,000 SqFt
Key Details
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $525
MLS Listing ID 40819766
Abv Grd Liv Area 4,000
Annual Tax Amount $10,860
Lot Size 0.500 Acres
Acres 0.5
Property Sub-Type Mixed,Building and Land
Source Cornerstone
Property Description
Rare, fully prepared development opportunity in the heart of Hespeler Village. Ideally located steps from the Speed River, boutique shops, cafés, and established residential neighbourhoods, this property offers the perfect blend of small-town charm and long-term investment potential. Site plan approved for 40 units and one cground floor commercial unit, this development offers a profitable mix of 1-2 and 3 bedroom units. Importantly, this site is not subject to the current regional development freeze related to municipal water servicing constraints. As one of the few areas in Waterloo Region where water allocation remains available, this property provides a significant advantage—allowing buyers to proceed without the uncertainty impacting many other projects. All required permits have been secured and fully paid, and the purchase price includes all development charges. With key approvals in place and major upfront costs already addressed, this is a true turnkey-ready opportunity that minimizes risk, shortens timelines, and accelerates the path to construction. Surrounded by a mix of historic character and thoughtful new development, 12 Tannery Street East presents an exceptional opportunity for builders and investors seeking a strategic project in one of Cambridge's most desirable village settings. Full documentation available upon request.
Location
Province ON
County Waterloo
Area 14 - Hespeler
Zoning C1RM2
Rooms
Basement Partial
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 86.32
Garage No
Building
Lot Description Ample Parking, City Lot, Public Transit, Schools
Story 2
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community No
Tax ID 037600018
Ownership Freehold/None
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Chris Adams
Broker