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Mike Taylor

mike@ninemilerealty.ca +1(705) 985-1110

Est. payment | -/mo

2,546 SqFt

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Est. payment | -/mo

Save Virtual Tour

2,546 SqFt

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Square Footage 2,546 sqft

MLS Listing ID X12771878

Annual Tax Amount $7,199

Tax Year 2025

Property Sub-Type Commercial Retail

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.

Location

Province ON

County Waterloo

Area Waterloo

Zoning C2 and Rm4

Interior

Cooling No

Inclusions Boiler System

Exterior

Utilities Available Yes

Lot Frontage 61.0

Lot Depth 152.0

Building

Building Age 51-99

Others

Security Features No

ParcelsYN No

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Listed by Bosley Real Estate Ltd.

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+1(705) 985-1110

mike@ninemilerealty.ca

183 Bayfield St, Barrie, ON L4M 3B4, CAN

121 Hespeler RD Cambridge, ON N1R 3G9

Mike Taylor

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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121 Hespeler RD

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