753 KING Street
Cambridge, Ontario
- 8,000 sqft
- Other
Located in the heart of downtown Preston, in Cambridge, this well-maintained mixed-use property offers a stable, fully leased investment opportunity. The main floor features approximately 4,000 Sq. Ft. of commercial space, occupied by two long-term tenants, providing reliable income. The second floor includes six residential apartments, adding to the asset's diversified revenue stream. With strong in-place tenancy and immediate availability, this property is ideal for investors seeking a turnkey asset in a vibrant, amenity-rich location.
Price History
Property
- Lot Size
- 0.3 acres
Schools
Elementary
- Preston Public School0.2 km
Public · Waterloo Region DSB · 315 students
Grade 3 reading: 75% met the provincial standard · Grade 6 math: 41% met the provincial standard
- Grand View Public School0.5 km
Public · Waterloo Region DSB · 250 students
Grade 3 reading: 83% met the provincial standard · Grade 6 math: 39% met the provincial standard
- St Michael Catholic Elementary School0.9 km
Catholic · Waterloo CDSB · 310 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 31% met the provincial standard
Secondary
- Preston High School0.8 km
Public · Waterloo Region DSB · 855 students
Grade 10 literacy: 77% met the provincial standard
- ÉSC Père-René-de-Galinée3.8 km
French Catholic · CS catholique MonAvenir · 495 students
Grade 10 literacy: 94% met the provincial standard
- Jacob Hespeler Secondary School4.1 km
Public · Waterloo Region DSB · 1070 students
Grade 10 literacy: 83% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N3H
- Population
- 24,306
- Private dwellings
- 10,220
- Median age
- 40.8
- Average household size
- 2.5
- Median household income
- $82,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Other in Cambridge · last 12 months
- Median sold price
- $677,400
- Homes sold
- 1,242
- Median days on market
- 19
- Sale-to-list price
- 100.6%
Based on 1,242 recorded sales of other properties in Cambridge over the last 12 months.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$599,000
Estimated Monthly Payment
$14,714
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $14,714/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $749/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?