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For saleMLS® X13689526

1883 Sawmill Road, Waterloo, ON N2J 4G8

$1,695,000

$303 / sq ft

2 months on market

Total area
5,600 sf
Lot
64 × 299 ft

What's special

  • Yes

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About this property

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.

Property details

Property

Property type
investment
Interior size
5,600 sq ft
Lot size
64 × 299 ft
Zoning
MU
Possession
30-59 days

Interior

Heating
Gas Forced Air Open
Cooling
Yes

Costs

List price
$1,695,000
Property taxes
$15,334 / year (2026)
Price per sq ft
$303

Listing

MLS® number
X13689526
Status
For sale
Listed
August 18, 2026
Days on market
78
Last updated
October 20, 2026
Listing brokerage
Sotheby's International Realty Canada, Brokerage

Price & sale history

This property's sale history is hidden

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced below most comparable listings — about 25% of comparable multi-unit / investment listings in Waterloo are asking less.

$524KMedian $2.35M$10.06M
This home
$303 / sq ft
Comparable median
$475 / sq ft

Based on 8 comparable active multi-unit / investment listings in Waterloo. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $339,000
$339,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$7,497.56
Property tax (est.)
$1,277.86
Estimated monthly
$8,775

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$30,375
Total due on closing
$30,375

An estimate on the asking price of $1,695,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of Sotheby's International Realty Canada, Brokerage. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$1,695,000

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