About Landmark Preston Springs Hotel

Offered for sale is the historic Preston Springs Hotel, a 94-room, five-storey building with excellent redevelopment potential. Recent acquisitions present the opportunity for an additional six-storey, 73-suite building on-site. One of Cambridge’s most distinguished buildings, the former Del Monte Hotel sits on top of a natural sulphur spring that once attracted many European tourists to Preston with the promise of its remarkable curative powers. The building is located in a prime Cambridge area, “The Preston Towne Centre”, and Highway 401 is only minutes away. With its unique architecture and historical significance, the Preston Springs Hotel has become one of Waterloo Region’s best known landmark buildings.

  • Property Type Multifamily
  • Zoning R3 and N3RM3
  • Status Existing
  • Sale Price $2,395,000
  • Total Available Space 49,075 SF
  • Direct Available Space 0 SF
  • Sublet Available Space 0 SF
  • Min Divisible 0 SF
  • Max Contiguous 0 SF
  • Building Size 49,075 SF
  • Number Of Floors 5
  • Year Built 1890
  • Year Renovated 2010
  • Flyer Download

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