Salehian.com 647-325-5000

121 Hespeler Road

Cambridge, N1R 3G9

$1,049,999

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Listed yesterday · MLS® X14096174

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.

Details

Type
Commercial Retail
Age
51-99 years
Lot
61 × 152 ft
Garage
None
Property tax
$7,199 (2025)
Municipality
Cambridge

Heating, cooling and services

Heating
Water Radiators
Water and sewer
Storm
Utilities
Yes

Building and exterior

Age
51-99 years
Building area
2,546 Square Feet

More

Possession
Flexible
Cross street
Hespeler and Avenue Rd.
Business type
Service Related

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Somewhat walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 1 grocery store, 5 cafés and restaurants, 3 parks. Nearest grocery: FreshCo (450 m). Nearest park: Gail Street Park (400 m).

Schools nearby

Elementary

  • Avenue Road Public School
    EQAO: Gr 6 reading 78%, math 34%    7 min walk
  • St. Peter Catholic Elementary School Catholic
    EQAO: Gr 6 reading 81%, math 57%    10 min walk
  • Manchester Public School
    EQAO: Gr 6 reading 89%, math 37%    13 min walk
  • Blair Road Public School
    EQAO: Gr 6 reading 74%, math 49%    15 min walk

Secondary

  • Galt Collegiate and Vocational Institute
    EQAO: Gr 9 math 68%, literacy test 83%    14 min walk
  • St. Benedict Catholic Secondary School Catholic
    EQAO: Gr 9 math 52%, literacy test 90%    2.3 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N1R

Owners / renters
59% / 41%
Median household income
$77,000
Average age
42
Children under 15
16%
Homes
46% detached, 10% high-rise
Commute by transit
5%
Population
42,928

Languages spoken most at home besides English: Portuguese 3.3%, Gujarati 1.5%, Urdu 1%, Spanish 0.7%.

Safety

Crime Severity Index for Waterloo Region (Kitchener) police: 67 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown Kitchener: 16 km. Transit times · Driving times

Noise 1 source nearby

  • 🚆 Rail line (Waterloo Subdivision)150 m

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by Bosley Real Estate Ltd..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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