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$4,249,000

89.5 Acres

Cash crop
Cambridge, Ontario

Sold
Listing Details
Property Id #: 18002
Price: $4,249,000
Farm Type: Cash crop
Acreage (Total): 89.5
Municipality / County: Waterloo
Province: Ontario
Postal Code: N3C 2V3
Listing Remarks
89.5 acres within the City Limits of Cambridge Ontario sitting just outside the Urban Growth Boundary. This property is currently zoned agricultural and is full of future potential as the Tri-City area seeks significant expansion. Situated on the main thoroughfare of Hespeler Road it offers fantastic access to Cambridge, Guelph, and the 401 corridor. The lands offer 65-67 acres cleared of which just over 50 acres are leased to a farmer for crops. The remaining 23-25 acres are wooded. The topography includes gently rolling hills, mature trees and a pond also making this a stunning estate property to build a dream home. The buildings currently on the property include a reclad bank barn, shop/garage space, and a residential house. The house has been converted into an assisted living residence that is leased to a longer-term commercial tenant which has been fantastic. If you are looking for an investment that offers long-term potential, this property is it.
Residence Remarks
Property & Land Remarks
Directions: From Hwy 401, take Regional Road 24 N and continue North for approximately 4.7KM and the property will be on the Left side of the road.
Property Legal Description: PT LT 128 GERMAN COMPANY TRACT TWP OF WATERLOO PTS 1 & 2 58R1263; S/T 757429; CAMBRIDGE
Acreage (Total): 89.5
Workable Acres: 50
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Buildings
Additional Listing Remarks
Property Taxes: 10,418.51 (2023)
How to View
How to View: Call 519-670-5995 and ask for Farm Ontario

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