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Caroline Marshall

carolinesellsmuskoka@gmail.com +1(705) 388-1792

$ 1,199,999

Est. payment -/mo

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Price Dropped by $100K

121 Hespeler RD Cambridge, ON N1R 3G9

6 Beds

5 Baths

2,546 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-5 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 2,546 sqft

Price per Sqft $471

MLS Listing ID 40804238

Bedrooms 6

Abv Grd Liv Area 3,375

Year Built 1950

Annual Tax Amount $7,199

Property Sub-Type Multi-5 Unit

Source Cornerstone

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 13 - Galt North

Zoning C2 & RM4

Rooms

Other Rooms None

Basement Full, Partially Finished

Kitchen 0

Interior

Interior Features Separate Hydro Meters

Heating Radiant

Cooling Other, None

Fireplace No

Appliance Dryer, Refrigerator, Stove, Washer

Laundry Coin Operated, Shared

Exterior

Parking Features Asphalt

Roof Type Asphalt Shing

Lot Frontage 61.11

Lot Depth 150.08

Garage No

Building

Lot Description City Lot, High Traffic Area, Highway Access, Hospital, Public Transit, Schools, Visual Exposure

Story 2

Foundation Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Brick

New Construction No

Others

Senior Community false

Tax ID 037950165

Ownership Freehold/None

Listed by BOSLEY REAL ESTATE LTD., BROKERAGE

NEARBY SCHOOLS & PROPERTIES

Caroline Marshall

+1(705) 388-1792

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