121 Hespeler Road, 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. (id:1945)
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Property details for 121 Hespeler Road, Cambridge
- Type
- Multi-family
- Bedrooms
- 6
- Bathrooms
- 5
- Living Area
- 3,375 square feet
- Stories
- 2
- Basement
- Partially finished, Full
- Parking
- Open
- Heating
- Radiant heat
- Cooling
- None
- Exterior
- Brick
- Ownership
- Freehold
- Annual Taxes
- $7,199
Nearby Listings Stat
Estimated price and comparable properties near 121 Hespeler Road
Active Listings
3
Min Price
$1,099,999
Max Price
$1,449,900
Avg Price
$1,333,266
Days on Market
96
days
Sold Listings
2
Min Sold Price
$1,449,900
Max Sold Price
$1,449,900
Avg Sold Price
$1,449,900
Days until Sold
82
days
Neighbourhood Census Data
Cambridge, Ontario
Population
387
Median Age
35.6
Median Income
$29,504
Dwelling Value
$250,011
Housing Tenure
Owners 78%
Renters 19%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.9
Pop. Density: 2,794.2/km²
Avg Shelter Cost: $985/mo
Owners with Mortgage: 57.1%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 0%
English only: 93.5%
English and French: 5.2%
Neither: 1.3%
Median Household Income: $78,208
Median Employment Income: $32,811
Price History
Listed
February 10, 2026
by BOSLEY REAL ESTATE LTD., BROKERAGE
Current Price
$1,099,999
-8.3% from last change
Type
Multi-family
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $1,099,999 | $100,000 (-8.3%) |
| Aug 11, 2026 | $1,199,999 | Listed |
