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For saleMLS® X13798228

1118 KING Street, Cambridge, ON N3H 3P6

Preston · N3H 3P6

$899,999

$196 / sq ft

1 months on market

Total area
4,600 sf
Lot
51 × 209 ft

What's special

  • Yes

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About this property

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.

Property details

Property

Property type
retail
Interior size
4,600 sq ft
Lot size
51 × 209 ft
Zoning
C2
Possession
IMMEDIATE

Interior

Heating
Gas Forced Air Open
Cooling
Yes

Costs

List price
$899,999
Property taxes
$16,063 / year (2026)
Price per sq ft
$196
Rental items
Hot Water Heater

Listing

MLS® number
X13798228
Status
For sale
Listed
September 17, 2026
Days on market
48
Last updated
October 26, 2026
Listing brokerage
RE/MAX TWIN CITY REALTY INC.

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 58% of comparable retail listings in Cambridge are asking less.

$725KMedian $849K$2.25M
This home
$196 / sq ft
Comparable median
$317 / sq ft

Based on 12 comparable active retail listings in Cambridge. These are asking prices, not sale prices.

Mortgage estimate

Down payment7.2% · minimum $65,000
$65,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$4,616.85
Property tax (est.)
$1,338.58
Estimated monthly
$5,955

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$14,475
Total due on closing
$14,475

An estimate on the asking price of $899,999. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RE/MAX TWIN CITY REALTY INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$899,999

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