121 Hespeler Road, Cambridge, ON N1R 3G9

About this home

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.

Home details

Days on market

Not reported

Property type

Commercial Retail

MLS® number

X14096174

Source status

New

Postal code

N1R 3G9

Building area (total)

2,546 sq ft

Lot depth

152 ft

Garage parking spaces

Not reported

Total parking spaces

Not reported

Occupancy

Tenant

Possession type

Flexible

Garage

None

Annual property tax

7199

Heating system

Water Radiators

Cooling

No

Utility services

Yes

Sewer

Storm

MLS entry age (not confirmed DOM)

17 days

These details come from the listing source. Please confirm measurements and fees before making a decision.

Utilities and services

Reported utility services

Yes

Sewer

Storm

Heating system

Water Radiators

Cooling

No

A reported service is not necessarily included in rent or maintenance. Missing information does not mean a service is absent.

Rooms & virtual tours

Room-count details have not been supplied for this listing.

Ask the listing brokerage for floor plans and measured room layouts.

Listing dates & price record

Asking amount

$1,049,999

1. Oct 20, 2026

   Original MLS entry

   Entry into the source MLS system; distinct from days on market.

Coverage varies by listing. Dates are source-reported calendar dates; only the latest reported asking-price change is shown. This is a partial record.

Estimate monthly costs

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Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.

Map and neighbourhood

Region / county

WATERLOO

Municipality

CAMBRIDGE