$899,999

$999,999For salePrice drop↓ $100,000 (10%)

1118 KING Street, Cambridge - Retail for Sale

1118 KING Street, Cambridge, Ontario, N3H3P6

4,600 ft²51 × 209 ft (10,659 sq ft) lot sizeListed 48 days ago

Overview

This retail property in Cambridge is for sale offering roughly 4,600 sq ft of space. It has been on the market 48 days, fresher than the Cambridge average of 57 days.

Retail Space for Sale in Cambridge →All real estate in Cambridge →

Description

VTB possible. Turnkey ready freestanding commercial building with approx. 4,600 sq. ft. total, located in the heart of downtown Cambridge (Preston) within 10 minutes to Hwy 401 and Hwy 24! Situated on a high-exposure corridor directly across from LCBO with over 20,000 vehicles passing daily! Ideal for retail, food service, or general commercial uses (previously operated as a 60-seat family restaurant). Features dual municipal addresses (1118 & 1122 King St E) with the ability to add a center partition wall to create two separate commercial units with individual entrances. Space features a fully fitted bar, 16-ft commercial kitchen hood, walk-in cooler, and 3 main floor washrooms. Unfinished full-size basement provides extensive storage space with a 4th washroom. Extensive capital UPDATES (over $100k) include roof (2025), commercial flooring (2026), furnace (2026), and commercial toilets (2026). Rear parking for approx. 15 vehicles with easy service and equipment access. All chattels and equipment included! VTB 1st mortgage available up to 55% with fully open terms (pay off anytime without penalty) for 3-5 years. Fully vacant - IMMEDIATE CLOSING AVAILABLE. (id:66096)

Property Details

MLS®: X13798228
Property Type: Retail
Zoning: C2
Interior Size: 4,600 ft²
Lot Size: 51 × 209 ft (10,659 sq ft)
Frontage: 51 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $16,063/yr
Listed: 48 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

48d

Cambridge listings, avg age

57d

Price / ft²

$196

List price

$900K

Homes here sell faster than most markets

Sold homes in this market spent an average of 32 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 99.9 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This retail in Cambridge has been listed for 48 days, which is 9 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RE/MAX TWIN CITY REALTY INC. · TONY JOHAL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3H)

This home lists at $899,999, about 11.0× the local median household income of $82,000.

Carrying it typically needs a household income of about $175,801 (20% down, 25-yr amortization, stress-tested) — roughly 114% above the area median.

Median household income: $82,000
Population: 24,306
Median age: 40.8
Owner / renter: 62% / 38%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N3H)

$899,999· $196/ft²

For sale

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Financing

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