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$1,695,000
$1,895,000For salePrice drop↓ $200,000 (11%)

1883 Sawmill Road, Waterloo - Business for Sale

1883 Sawmill Road, Waterloo, Ontario, N2J4G8

5,600 ft²Listed 78 days ago
Overview

This business in Waterloo is for sale offering roughly 5,600 sq ft of space.

Description

A landmark property. A beautifully reimagined home. An extraordinary space to gather, create, and thrive. Located in the heart of Conestogo, 1883 Sawmill Road has served the community for generations, evolving from the historic Landmark Inn to the beloved Adam's Steak House and, most recently, a thriving wellness and professional studio destination. Today, it offers a unique combination of heritage character, modern living, and exceptional flexibility. The residence features four bedrooms, two-and-a-half bathrooms, a chef-inspired kitchen, and thoughtfully-updated living spaces that blend original architectural details with contemporary comfort. Large windows, exposed brick, and views of the surrounding trees and river valley create a warm and inviting atmosphere throughout. Even more impressive is the dedicated studio space. With soaring vaulted ceilings, exposed heritage trusses, and a dramatic wall of windows overlooking the valley, it provides an inspiring setting for wellness, fitness, creative, educational, professional, or event-based uses. Separate entrances and established mixed-use functionality create opportunities for entrepreneurs, practitioners, and those seeking a truly integrated live-work lifestyle. Outside, over 1,700 square feet of outdoor living space includes multiple decks, a Scandinavian sauna, hot tub, cold plunge, and fire pit, all surrounded by mature trees and exceptional privacy. The property's strategic location offers a rare combination of village charm, natural beauty, and convenient access to Kitchener-Waterloo, St. Jacobs, Elora, and the many amenities of the surrounding region. With dual street frontage and potential for a future accessory dwelling, garage, or carriage house, this property offers a rare opportunity to own a piece of local history while creating something uniquely your own. (id:66096)

Property Details

MLS®
X13689526
Property Type
Business
Zoning
MU
Interior Size
5,600 ft²
Lot Size
5,600 sq ft (0.12 ac)
Frontage
64 ft
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Property Tax
$15,334.26/yr
Listed
78 days ago

Market Timing

Days on market
78d
Waterloo listings, avg age
67d
Price / ft²
$303
List price
$1.70M

Long Listed: 78 days on market, against an average age of 67 days across the listings currently for sale in this city

Homes here sell faster than most markets

Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 98.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This business in Waterloo is available now. Want me to connect you with the agent or keep you posted on any price updates?

Listed by Sotheby's International Realty Canada, Brokerage · GREG HALLMAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2J)

This home lists at $1,695,000, about 22.8× the local median household income of $74,500.

Carrying it typically needs a household income of about $331,093 (20% down, 25-yr amortization, stress-tested) — roughly 344% above the area median.

Median household income
$74,500
Population
20,899
Median age
36.8
Owner / renter
53% / 47%
Avg. household size
2.2

Source: Statistics Canada, 2021 Census (FSA N2J)

$1,695,000· $303/ft²
For sale

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Financing

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$1,695,000

Waterloo

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