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$1,199,999
Available - For Sale
Listing ID: X12771878
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 $1,199,999
Taxes: $7,199
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Owner+T
Address: 121 Hespeler Road , Cambridge, N1R 3G9, Waterloo
Postal Code: N1R 3G9
Province/State: Waterloo
Legal Description: Plan 610, Pt Lot 1
Directions/Cross Streets: Hespeler and Avenue Rd.
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 0
Washroom 7 0
Washroom 8 0
Washroom 9 0
Washroom 10 0
Washroom 11 0
Washroom 12 0
Washroom 13 0
Washroom 14 0
Washroom 15 0
Washroom 16 0
Washroom 17 0
Washroom 18 0
Washroom 19 0
Washroom 20 0
Washroom 21 0
Washroom 22 0
Washroom 23 0
Washroom 24 0
Washroom 25 0
Washroom 26 0
Washroom 27 0
Washroom 28 0
Washroom 29 0
Washroom 30 0
Category: Multi-Use
Use: Service Related
Building Percentage: T
Total Area: 2,546
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Approximatly Age: 51-99
Financial Statement: T
Chattels: F
Franchise: F
Days Open: V
Maintenance: 0
Expenses Actual/Estimated: $Act
Sprinklers: No
Rail: N
Double Man Shipping Doors #: 0
Drive-In Level Shipping Doors #: 0
Grade Level Shipping Doors #: 0
Heat Type: Water Radiators
Central Air Conditioning: No
Sewers: Storm
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Asking Price: $ Heating: $ /Year  
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Bosley Real Estate Ltd.

121 Hespeler Road , Cambridge, N1R 3G9, Waterloo

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Maria Tompson
Sales Representative
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416-548-7854
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Fax:
416-981-7184

 
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At a Glance:
Type: Com - Commercial Retail
Area: Waterloo
Municipality: Cambridge
Neighbourhood: Dufferin Grove
Style:
Lot Size: x 152.00(Feet)
Approximate Age: 51-99
Tax: $7,199
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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