621 Waterloo Regional Rd 24, Cambridge, ON N1R 8E2, Canada
621 Waterloo Regional Rd 24, Cambridge, ON N1R 8E2, CanadaBasics
- Date added: Added 2 weeks ago
- Category: Commercial Sale
- Type: Building and Land
- Status: Active
- County Or Parish: Waterloo
- Lot Size Square Feet: 84070.8 sq ft
- Lot Size Acres: 1.93 sq ft
- MLS ID: 40870385
Description
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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.
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Location
- Directions: Take ON-401 to Hespeler Rd/Waterloo Regional Rd 24 in Cambridge, take exit 282 from ON-401 South Hespeler Road
- Direction Faces: West
Building Details
- Building Area Total: 20800 sq ft
- Construction Materials: Block, Concrete, Stone
Amenities & Features
- Water Source: Municipal
- Sewer: Sewer (Municipal)
- Electric: Three Phase, 600 Volts
- Frontage Type: East