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For saleMLS® X13801694

986 & 1030 King Street, Cambridge, ON N3H 3P3

Preston · N3H 3P3

$2,890,000

$65 / sq ft

1 months on market

Interior
44,431 sf
Lot
324.07 × 156.25 ft

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About this property

986 & 1030 KING STREET EAST, CAMBRIDGE Asking Price: $2.99 Million | RSC Expected Late-2026A rare opportunity to secure a premier corner assembly in one of Cambridge's busiest and fastest-growing corridors! This offering brings together two contiguous parcels approximately1.024 acres in total , at the high-profile intersection of King Street East and Westminster Drive, delivering outstanding visibility and traffic exposure that's hard to come by in this market. The site benefits from quick, convenient access to both Highway 8 and Highway 401, putting it firmly on the radar for commuters and commercial traffic alike. It's also just minutes from Cambridge Memorial Hospital, public transit routes, schools, and a strong mix of surrounding residential and commercial neighbourhoods the kind of location that keeps demand steady well into the future. Zoned C1RM2 & C1C5 and designated Mixed Use (including Residential) under the Official Plan, this property is primed for a wide range of commercial and mixed-use development, with real long-term intensification upside. Whether you're a developer looking to shape the next chapter of this corridor, a retailer wanting a flagship presence, or an investor eyeing a growth market, this assembly checks all the boxes. With Cambridge continuing to see strong population growth and infrastructure investment, opportunities like this a scale, corner-exposure site ready for redevelopment , don't come around often. Don't miss your chance to be part of what's next for this corridor. FOR SALE

Property details

Property

Property type
vacant land
Interior size
44,431 sq ft
Lot size
324.07 × 156.25 ft
Zoning
C5C1RM2, C1C5
Possession
immd

Exterior & services

Sewer
Sanitary+Storm

Costs

List price
$2,890,000
Property taxes
$23,515 / year (2026)
Price per sq ft
$65

Listing

MLS® number
X13801694
Status
For sale
Listed
September 18, 2026
Days on market
48
Last updated
September 18, 2026
Listing brokerage
RE/MAX REAL ESTATE CENTRE 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 above most comparable listings — about 75% of comparable vacant land listings in Preston are asking less.

$340KMedian $947K$11.09M

Based on 8 comparable active vacant land listings in Preston. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $578,000
$578,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$12,783.44
Property tax (est.)
$1,959.57
Estimated monthly
$14,743

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
$58,725
Total due on closing
$58,725

An estimate on the asking price of $2,890,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RE/MAX REAL ESTATE CENTRE 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.

$2,890,000

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Comparable sales nearby

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Nearby sold prices are hidden

Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.

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