Property 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.