121 Hespeler Road, Cambridge, ON N1R 3G9
Cambridge
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 121 Hespeler Road, Cambridge, ON N1R 3G9
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MLS# X12771878
Listed by Bosley Real Estate Ltd.
On market since Feb 9, 2026
What comparable homes actually sold for in the last 12 months.
121 Hespeler Road, Cambridge, ON N1R 3G9 is listed for $1,199,999 CAD.
121 Hespeler Road, Cambridge, ON N1R 3G9 is a Commercial Retail, 2,546 sq ft.
121 Hespeler Road, Cambridge, ON N1R 3G9 is in Cambridge, Ontario.
121 Hespeler Road, Cambridge, ON N1R 3G9 is currently for sale.
The annual property taxes on 121 Hespeler Road, Cambridge, ON N1R 3G9 are approximately $7,199 CAD.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 121 Hespeler Road, Cambridge, ON N1R 3G9 (MLS# X12771878). You can also send a message through the contact form on this site.
