621-623 Hespeler Road
Cambridge, Waterloo ON N1R 6J3
$7,400,000
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.
| List Price: | $7,400,000 |
|---|---|
| Property Sub Type: | Building and Land |
| Tax Annual Amount: | $94,829 |
| Lot Size Acres: | 1.93 |
| Waterfront?: | No |
| County Or Parish: | Waterloo |
| Lot Features: | Airport, Ample Parking, High Traffic Area, Highway Access, Public Transit, Visual Exposure |
| State Or Province: | ON |
| Directions: | Take ON-401 to Hespeler Rd/Waterloo Regional Rd 24 in Cambridge, take exit 282 from ON-401 South Hespeler Road |
| Foundation Details: | Poured Concrete |
| Electric: | Three Phase, 600 Volts |
| Lot Size Area: | 1.93 |
| Basement: | None |
| Building Area Total: | 20,800 |
| Above Grade Finished Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Parcel Number: | 226420009 |
| Sewer: | Sewer (Municipal) |
| Structure Type: | Retail |
| Electric On Property?: | Yes |
| Farm Land Area Units: | Square Feet |
| Frontage Type: | East |
| MLS Area Minor: | 51 - Langs Farm/Eagle Valley |
| Direction Faces: | West |
| Garage Spaces Description: | 5 per 100 m2 |
| Lot Depth: | 515.76 |
| Number Of Industrial Units: | 1 |
| Number Of Retail Units: | 1 |
| Survey Type: | Available |
| Lot Size Source: | GeoWarehouse |
| Listing ID: | 40870385 |
|---|---|
| Property Type: | Commercial Sale |
| Status: | Active |
| Living Area Sqft: | 20,800 |
| Lot Size Square Feet: | 84,070.8 |
| City: | Cambridge |
| Postal Code: | N1R 6J3 |
| Status: | Active |
| Water Source: | Municipal |
| Construction Materials: | Block, Concrete, Stone |
| Listing Contract Date: | 2026-10-09 |
| Basement: | false |
| Living Area Units: | Square Feet |
| Below Grade Finished Area Units: | Square Feet |
| MLS Area Major: | 15 - Preston |
| Utilities: | Electricity Connected, Natural Gas Connected |
| Zoning: | C4/MUHD |
| Stories Total: | 1 |
| Frontage Length: | 154.92 |
| Uffi: | No |
| Cross Street: | South of Pinebush Rd & Eagle Street N. |
| Acres Range: | 5-9.99 |
| Current Price: | 7,400,000 |
| Holdover Days: | 360 |
| Lot Irregularities: | 269.99x154.48x5.85x80.24x187.28x155.37x515.76 ft |
| Lot Size Dimensions: | 154.92 x 515.76 |
| Association Fee 2 Frequency: | Monthly |
Listing Courtesy of: REGION-WIDE REAL ESTATE INC.
Listing Agent: John Mccash
Walkscore
Transition with Care
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Information Technology Systems Ontario data last updated on October 10, 2026 03:50 AM - ET.
Property Last Updated: October 10, 2026 03:50 AM - ET
