1883 SAWMILL ROAD, Waterloo

$1,695,000

For sale: Other

Other at 1883 SAWMILL ROAD, Waterloo
Property type
Investment
MLS®
MLS® X13689526

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.

Sold data

Homes in Waterloo — recent sold market

Homes in Waterloo took a median of 21 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 41, across 251 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 33 days.

The median sale price was $695,000.

Homes sold for about 1.4% below asking on average, so there was room to negotiate.

About 34% of sales closed above the list price.

Around 14% of sellers reduced their price before finding a buyer.

Median days to sell
21
Median sale price
$695,000
Sale-to-list ratio
98.6%
Sold above asking
34%

Based on 251 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Waterloo

Waterloo has 31 Fraser Institute–rated schools (27 elementary and 4 secondary), averaging 6.8/10.

Rated schools
31
Elementary
27
Secondary
4
Average rating
6.8 / 10

Top-rated schools in Waterloo

  • Millen Woods — elementaryFraser rating 8.9/10
  • Sir John A Macdonald — secondaryFraser rating 8.7/10
  • Abraham Erb — elementaryFraser rating 8.6/10
  • Laurelwood — elementaryFraser rating 8.5/10
  • Vista Hills — elementaryFraser rating 8.5/10
  • Mary Johnston — elementaryFraser rating 8.3/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 1883 SAWMILL ROAD