$1,950,000

15 Weaver Street

Cambridge ON, N3C 1W1

Description

Attention investors, multifunctional building in desirable Hespeler Village location. Minutes from the 401 and overlooking the proposed redevelopment of the Dominion Woolens Factory on the Speed River. This unique 7 plex ( 6 + 1 conforming units) features Multi Res complex with over 7,000 sf in the main building, plus 645 sf in the free standing building (separately metered). Built in the early 1900's this structure boasts character that can only be found in luxury period mansions of this type. 9-4 High ceilings, original architectural details, and sumptuous wrap around balconies define this complex that is ripe for the right investor to provide luxury Multi Family residents, Air BnB Rentals or Luxury Bed and Breakfast operations or Executive Suites. Currently this property has 3 rented units with one being fully renovated, one owner occupied unit completely renovated and 3 units under construction. Recent upgrades abound with brand new wiring, new plumbing, newer roofing, 1 year old boiler, 1 year old water softener, and fire escapes. The generously proportioned grounds features tiered gardens, and a massive basement with its own sperate entrance. There is an abundance of space in this property both inside and out and the income potential and rezoning potential for this project property are substantial. Detailed financials can be provided. Arrange a showing for this property today.

Details

MLS#40070653
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site2

Features

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Area Information
ProvinceON
CountyWaterloo
CityCambridge
Postal CodeN3C 1W1
Area14 - Hespeler
Listing VS Median (in N3C 1W1)
Price:
$1,950,000
low | high
Med:
$1,950,000
50% of Average
On Site:
2
low | high
Med:
1.500000
100% of Average
Listing Updated: February 24, 2021 8:00:36 PM PST
CORY DE VILLIERS LogoMLS Number: 40070653
Listing Provided By:
CORY DE VILLIERS  of  RE MAX REAL ESTATE CENTRE INC. BROKERAGE
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