$625,000
$1
62499900.0%For more information regarding the value of a property, please contact us for a free consultation.
141 Ainslie Street N Cambridge, ON N1R 3P4
1,387 SqFt
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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