Cambridge, ON N1R 3P4,141 Ainslie Street N
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Cambridge, ON N1R 3P4,141 Ainslie Street N
Cambridge, ON N1R 3P4,141 Ainslie Street N
Cambridge, ON N1R 3P4,141 Ainslie Street N
Cambridge, ON N1R 3P4,141 Ainslie Street N

$625,000

Est. payment /mo

$1

62499900.0%
Est.Price: ?

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141 Ainslie Street N Cambridge, ON N1R 3P4

1,387 SqFt

SOLD DATE : 09/28/2022

Key Details

Sold Price $625,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

Square Footage 1,387 sqft

Price per Sqft $450

MLS Listing ID 40305859

Sold Date 09/28/22

Abv Grd Liv Area 1,387

Originating Board Kitchener - Waterloo

Annual Tax Amount $6,658

Property Description

GOLDEN RE-DEVELOPMENT OPPORTUNITY. The property is in the heart of downtown that is marked as an “Urban Growth Centre” by the province. The city is giving bonus to the developers and has doubled the density targets. Taller than 11 story buildings are being considered by the city. Two light rail transit stations planned to support the density. This property can be assembled with the next-door property; the corner of Ainslie St N and Park Hill Rd East about 9,500 sq. ft. (99’ front on Ainslie and 95’ front on Park Hill) can potentially be developed into a landmark building: a tall hotel, or a commercial-cum-residential complex; opportunities are endless. Do your own due diligence. The PROFESSIONAL OFFICE has been converted into two separate residential units; 3 beds on main and 2 bed on first floor with separate bath and kitchen. Zoning allows both commercial and residential uses. Income potential while planning. Ample private parking in prime downtime.

Location

State ON

County Waterloo

Area 12 - Galt East

Zoning (F)C1RM1

Direction PARK HILL RD E

Rooms

Basement Full, Unfinished

Kitchen 0

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Exterior

Waterfront Description River/Stream

Lot Frontage 49.51

Lot Depth 70.95

Garage No

Building

Lot Description Irregular Lot, City Lot, Park, Place of Worship, Public Transit, Schools, Trails

Faces PARK HILL RD E

Story 2

Foundation Stone

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

New Construction No

Others

Tax ID 038140107

Ownership Freehold/None

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Listed by KHAKINORTH REALTY INC.

Cam McCarroll

Broker

+1(905) 320-1346

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