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$ 1,499,900
Est. payment | /mo
3,971 SqFt
$ 1,499,900
Est. payment | /mo
3,971 SqFt
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 3,971 sqft
Price per Sqft $377
Subdivision 43 - Hillcrest/Forbes Park
MLS® Listing ID 40727652
Year Built 1892
Property Sub-Type Freehold
Source Cornerstone - Waterloo Region
Property Description
18 Tannery Street East presents a rare opportunity to own a fully restored commercial building in the vibrant Hespeler Village core. Zoned C1RM2, this versatile property combines storefront visibility with long-term flexibility—ideal for business owners, investors, and visionaries alike. 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. (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by DEWAR REALTY INC., BROKERAGE
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