An experimental investigation was conducted in order to study the properties of a hybrid hemp-flax composite material in term of capillary water absorption, mechanical strength, thermal conductivity and shrinkage. The hemp-flax composite material is made with 90% hemp shives and 10% flax fibers. Hemp aggregates have a high water absorption capacity, which led to a reduction of the hemp concrete mechanical performances. Four mixes were made for: shuttered walls, external coating, floor insulation and roof insulation. Firstly, bio-based aggregates were characterized in term of particle size distribution and water absorption. Then, the compressive strength of these four mixes was determined to compare the mechanical behavior of the hybrid composite material with hemp concrete. The capillary absorption and the total shrinkage of these bio-based materials were also measured. Finally, we measured the thermal conductivity coefficient of these materials. The results of the compressive strength show a significant improvement due to the incorporation of flax fibers. Flax fibers improve the compactness of the material, thus increasing its density, which leads to a greater mechanical strength. It was observed that the capillary absorption of hemp concrete seems to be related to the aggregates/paste ratio. Finally, flax fibers have reduced hempcrete shrinkage of about 15%.