For Sale · Office

454 HESPELER Road Unit# 203, Cambridge

454 HESPELER Road Unit# 203, Cambridge, ON N1R0E3

$329,900 total

845 SF

Asset Class

Office

Size

845 SF

Building class

A

Zoning

DC1 — Direct Control

$ / SF

$390

Occupancy

94%

Year Built

2023

About this property

2ND FLOOR OFFICE SPACE ON BUZZING HESPELER ROAD! Unit 203-454 Hespeler Rd is located in the Preston building of this new development. Offering over 845sqft, ample glass windows, a rough-in for future water, 100amps plus shared parking. With C4 zoning, this is the ideal space for professional offices such as real estate, law, accounting, mortgage, consulting, employment, travel, IT specialist, insurance, and much more! Just South of the 401, you are steps from transportation and every amenity. Don’t miss out on this rare location – Cambridge Gateway Centre. Immediate occupancy, shell unit that you can build to your desired use. *Could be purchased with 204 neighbouring unit* (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$330K
Down payment30% · $99K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$22K

Annual cash flow

$4K

Cash-on-cash

4.17%

DSCR

1.23

Going-in cap

6.79%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Prairie Coffee Roasters790 SF2027-04

Area demographics

Trade area within 3 miles of the property.

Population

58,221

Households

20,309

Median income

$74,500

Median age

39.3

Daytime population

59,932

5-yr growth

1%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 454 HESPELER Road Unit# 203, Cambridge.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.