$7,400,000
( $355.77Per Sq Foot )
 $39,725 est/mo Sourced by Back At You

621-623 Hespeler Road,Cambridge, ON N1R 6J3

Cambridge, ON N1R 6J3

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Description

Strategic commercial investment and high density redevelopment opportunity. 621-623 Hespeler Road, Cambridge. Rare two building commercial investment opportunity. Offered as a single property comprising two separate commercial buildings. 621 Hespeler Rd is leased to an established veterinary clinic, providing existing income, while 623 Hespeler Rd is a separate vacant commercial/warehouse building offering flexibility for leasing, owner-user or future repositioning. The property is designated mixed use high rise, providing potential for future intensification, subject to applicable planning, zoning and municipal approvals. The designation may support consideration of various commercial and residential uses, including retail, commercial service, office and multiple-residential development, subject to approvals. Prominent Hespeler Road location with excellent visibility and accessibility. An attractive combination of existing income, a vacant second building and long term development optionality. LAND AND BUILDINGS ONLY; BUSINESSES, CHATTELS AND TENANT'S PERSONAL PROPERTY EXCLUDED. OFFICIAL PLAN DESIGNATED - MIXED USE (INCLUDING RESIDENTIAL), MAJOR TRANSIT STATION AREA.

Details

MLS #40870385
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Days On Site26
Listing Provided ByREGION-WIDE REAL ESTATE INC. | John Mccash

Features

SQ Feet20,800
Story(s)1
ZoningC4/MUHD
Acreage1.93

Interior

Cooling Yes / NoNo

Exterior

Lot FeaturesAirport, Ample Parking, High Traffic Area, Highway Access, Public Transit, Visual Exposure
Construction MaterialsBlock, Concrete, Stone
Foundation DetailsPoured Concrete

Utilities

UtilitiesElectricity Connected, Natural Gas Connected
SewerSewer (Municipal)
ElectricThree Phase, 600 Volts

Taxes

Tax Annual Amount94829

Area Information

ProvinceON
CountyWaterloo
CityCambridge
Postal CodeN1R 6J3
Area15 Preston
Subarea51 Langs Farm | Eagle Valley
Community Name51 Langs Farm/Eagle Valley
Listing VS Median (in 51 Langs Farm/Eagle Valley)
Price:
$7,400,000
low | high
Med:
$329,900
100% of Average
sqft:
20,800
low | high
Med:
845
100% of Average
$ / sqft:
$356
low | high
Med:
$390
40.261954261954% of Average
On site:
26
low | high
Med:
50
52% of Average
Sourced by Back At You

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Learn More About This Property

VIDYA SOOKDEO

VIDYA SOOKDEO

Coldwell Banker The Real Estate Centre

 (647) 573-19541vsookdeo@gmail.com
ProvinceON
CountyWaterloo
CityCambridge
Postal CodeN1R 6J3
Area15 Preston
Subarea51 Langs Farm | Eagle Valley
Community Name51 Langs Farm/Eagle Valley
Listing VS Median (in 51 Langs Farm/Eagle Valley)
Price:
$7,400,000
low | high
Med:
$329,900
100% of Average
sqft:
20,800
low | high
Med:
845
100% of Average
$ / sqft:
$356
low | high
Med:
$390
40.261954261954% of Average
On site:
26
low | high
Med:
50
52% of Average
Sourced by Back At You
Listing Updated: October 13, 2026 at 3:34:37 PM PDT