3,971 SqFt
3,971 SqFt
Key Details
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,971 sqft
Price per Sqft $377
MLS Listing ID 40727652
Abv Grd Liv Area 3,971
Year Built 1892
Annual Tax Amount $7,329
Property Sub-Type Mixed,Building and Land
Source Waterloo Region
Property Description
The building has undergone a comprehensive interior and exterior restoration over the past five years, offering polished curb appeal and a remarkable interior. Currently home to a real estate office, the main commercial space has also shown strong potential as a boutique event venue. With approximately 3,000 sq. ft. of finished commercial area, and parking for 6–8 vehicles on site (plus ample public parking nearby), it's well-positioned for client-facing operations. (inquire for a list of potential uses).
In addition to the commercial space, a well-maintained residential apartment adds rental income stability. The unit has been significantly improved and is occupied by a AAA tenant at a strong market rate.
Beyond its current configuration, the property also presents compelling redevelopment potential. With C1RM2 zoning in the heart of the Hespeler Core Area, there's an opportunity to expand vertically and create a true mixed-use building—retaining commercial space at grade while adding residential units above. The lot size, existing layout, and location near public parking all support future intensification, making this an excellent candidate for a live-work conversion, income-generating redevelopment, or long-term portfolio hold with upside.
This is a rare Hespeler Core property where zoning, restoration, income, and location all align. Whether you're expanding your business or diversifying your portfolio, 18 Tannery Street East is a turn-key asset with long-term upside.
Location
Province ON
County Waterloo
Area 14 - Hespeler
Zoning C1RM2
Direction Queen Street E to Tannery Street E
Rooms
Basement Crawl Space
Kitchen 0
Interior
Fireplace No
Exterior
Parking Features Asphalt
Utilities Available Garbage/Sanitary Collection, Recycling Pickup, Street Lights
Lot Frontage 50.1
Lot Depth 145.6
Garage No
Building
Lot Description Rectangular, Business Centre, City Lot, Highway Access, Public Transit, Schools, Visual Exposure
Faces Queen Street E to Tannery Street E
Story 2
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 037600020
Ownership Freehold/None
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