121 Hespeler Road Cambridge, Ontario N1R 3G9

$1,199,999

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. (id:42776)

Business

Business Type	Service
Business Sub Type	Miscellaneous services

Property Details

MLS® Number	X12771878
Property Type	Retail
Equipment Type	Water Heater
Features	Irregular Lot Size
Rental Equipment Type	Water Heater

Building

Age	51 To 99 Years
Cooling Type	None
Heating Type	Radiator
Size Interior	2,546 Sqft
Utility Water	Municipal Water

Land

Acreage	No
Sewer	Storm Sewer
Size Depth	152 Ft
Size Frontage	61 Ft
Size Irregular	61 X 152 Ft
Size Total Text	61 X 152 Ft
Zoning Description	C2 And Rm4

https://www.realtor.ca/real-estate/29339983/121-hespeler-road-cambridge