Address
121 Hespeler Road, Cambridge, ON
Price
$ 1,099,999
Property Attributes
  • ID#X12771878
  • TypeCommercial
  • Listing Status Price Change
  • CityCambridge
  • NeighbourhoodCambridge
  • Postal CodeN1R 3G9
  • StyleService Related
  • Taxes$ 7199
  • Price$ 1,099,999
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2546
Data Source:
Toronto Real Estate Board (TRREB)
Property Description

Rare mixed-use investment opportunity on a major arterial in Cambridge. 121 Hespeler Road is a purpose-built, full brick, two-storey property offering an ideal blend of residential income and commercial flexibility. The building consists of three one-bedroom residential apartments, one two-bedroom residential apartment, and a ground-floor commercial unit suitable for office or retail use, with the potential to be converted into a one-bedroom residential unit, subject to approvals. This configuration makes the property particularly attractive for an owner-occupant seeking to operate a business while earning rental income, or for investors looking to enhance residential density. The commercial unit will be vacant on possession, providing an excellent opportunity for professionals, retailers, service-based businesses, or investors seeking a live-work configuration or residential conversion. The space benefits from strong exposure along Hespeler Road and is well suited for a variety of commercial uses. Residential units are accessed through separate common entrances at both the front and rear of the building. The property has been well maintained by the current owner and features durable full brick construction, updated building systems, and vinyl double-pane windows. The building includes ten on-site parking spaces, offering excellent functionality for both residential and commercial occupants. Current residential rents provide stable in-place income with clear opportunity for future optimization, while the vacant commercial unit presents additional income or conversion potential. Dual zoning (C2 Commercial and RM4 Residential) supports continued mixed-use operation and enhances long-term flexibility. Whether for an investor seeking diversified income or an owner-occupant looking to offset business occupancy costs with residential rental revenue, 121 Hespeler Road represents a compelling and versatile opportunity in a high-visibility Cambridge location.

Price History
2/9/2026 Listed $1,299,999
4/26/2026 8$1,199,999
8/11/2026 9$1,099,999

General Features

Sewer Storm
Cooling No
Utilities Yes
Security Features No
Heater Type Water Radiators
Expenses Actual
Property Subtype Commercial Retail
Tax Year 2025
Lot Depth 152.0
Business Type Service Related
County Waterloo
New Construction No
Property Type Commercial
Attached Garage No
Garage Y/N No
Status Price Change
City Cambridge
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 7199.0
Virtual Tour https://unbranded.youriguide.com/121_hespeler_rd_cambridge_on/
Building Area Units Square Feet
Standard Status Active
Occupancy Type Owner+Tenant
Tax Assessed Value 405000
Legal Description Plan 610,Pt Lot 1

Interior Features

Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Elevator? No

Exterior Features

Garage Type None
Rail No
Spa No
Building Area Total 2546.0
Lot Size Source GeoWarehouse
Waterfront Y/N No

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in N1R 3G9

Price
AVG $1.1M
$1.1M
Taxes
AVG $7,199
$7,199
Visits
AVG 87
260
Data Provided by Inside Real Estate®