1118 KING Street, Cambridge, ON N3H 3P6
Preston · N3H 3P6
$899,999
$196 / sq ft1 months on market
- Total area
- 4,600 sf
- Lot
- 51 × 209 ft
What's special
- Yes
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.
- 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
- 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.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
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