For Sale: 121 Hespeler Road, Cambridge, ON - REW
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$1,199,999
6 bd • 5 ba • 2547 sf • Multifamily
121 Hespeler Road
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$1,199,999
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121 Hespeler RoadCambridge, ON, N1R 3G9

  • 6 Bed
  • 5 Bath
  • 2547 Sqft
  • Multifamily

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.
Listed by: Chris Wehrle, BOSLEY REAL ESTATE LTD.

Home facts and features

Price details
List Price
$1,199,999
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Gross Taxes for 2026
$7,199
Home facts
Bedrooms
6
Full Bathrooms
5
Parking Spaces
10
Parking Details
Asphalt
Property Type
Multifamily
Lot Size
61 ft x 150 ft (9170 ft²)
Depth
150.08
Frontage
61.1
Year Built
Built in 1950 (76 yrs old)
Heating Type
Radiant
Cooling
Other,
Basement Details
Full,Partially Finished
Features
Coin Operated, Separate Hydro Meters, Shared
Appliances
5 X Fridge, 5 X Stove, Boiler System, Other, Washer And Dryer
Agent details
Primary Agent
Primary Broker
BOSLEY REAL ESTATE LTD.
Listing details
Days on REW
116 Days
Property Views
28
MLS® Number
40804238
Source
Information Technology Systems Ontario
Board
Cornerstone Association of REALTORS®
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Property Insights

Avenue Road Public School
  • Public
  • JK - 8
St Peter Catholic Elementary School
  • Catholic
  • JK - 8
Manchester Public School
  • Public
  • JK - 6
Galt Collegiate Vocational Institute
  • Public
  • 9 - 12
Blair Road Public School
  • Public
  • JK - 6
Z Beside the Y School
  • Public
  • 7 - 12
Elgin Street Public School
  • Public
  • JK - 6
Christ The King Catholic Elementary School
  • Catholic
  • JK - 8
St Augustine Catholic Elementary School
  • Catholic
  • JK - 8
Ryerson Public School
  • Public
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Chris Wehrle
Phone:
(519) 212-7096
Cell:
519-212-7096
Office:
519-740-9595
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