DeMelo Group Logo
$899,999
( $195.65Per Sq Foot )
 $4,831 est/mo Sourced by Back At You

1118 King Street E,Cambridge, ON N3H3P6

Cambridge, ON N3H3P6

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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:13843)

Details

MLS #40864072
Listing TypeFor Sale
StyleRetail
StatusActive
Days On Site42
Listing Provided ByRE/MAX TWIN CITY REALTY INC. | TONY JOHAL

Features

SQ Feet4,600
BasementY
Story(s)1
ZoningC2

Interior

Fireplace Yes / NoNo

Exterior

Lot FeaturesVisual exposure

Parking

Parking Total15

Utilities

SewerMunicipal sewage system
Water SourceMunicipal water

Taxes

Tax Annual Amount16063.37

Area Information

ProvinceON
CityCambridge
Postal CodeN3H3P6
Community Name52 Preston North
Listing VS Median (in 52 Preston North)
Price:
$899,999
low | high
Med:
$564,950
87.227708030787% of Average
sqft:
4,600
low | high
Med:
1,493
100% of Average
$ / sqft:
$196
low | high
Med:
$402
55.684335369542% of Average
On site:
42
low | high
Med:
18
100% of Average
Sourced by Back At You

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Contact

Learn More About This Property

Lindsey DeMelo

Lindsey DeMelo

Sutton Group - Quantum Realty Inc- Brokerage

Broker, (416) 219-1109ldemelo@sutton.com
ProvinceON
CityCambridge
Postal CodeN3H3P6
Community Name52 Preston North
Listing VS Median (in 52 Preston North)
Price:
$899,999
low | high
Med:
$564,950
87.227708030787% of Average
sqft:
4,600
low | high
Med:
1,493
100% of Average
$ / sqft:
$196
low | high
Med:
$402
55.684335369542% of Average
On site:
42
low | high
Med:
18
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $674K - $1.124M
sqft: 3,000 - 5,500
Nearby Listings Property ImageNearby Listings Details
1118 KING STREET Property Photo 1
$899,999
1118 King Street
Cambridge, ON N3H3P6
Listing Updated: October 26, 2026 at 8:50:40 AM PDT