1118 KING Street
Cambridge, ON
- 4,600 sqft
- Commercial Retail
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.
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2026)
- $16,063
- Originally Listed
- $999,999
- Listed
- September 17, 2026
Price History
Property
- Lot Size
- 51 x 209 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- KING ST E / DOLPH ST S
- Zoning
- C2
- Parcel Number
- 226480106
- Possession
- Immediate
- Occupancy
- Vacant
Included
- Inclusions
- All existing commercial chattels, fixtures, bar fixtures, and equipment on site as-is
- Exclusions
- None
- Rental Items
- Hot Water Heater
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
Commercial in Cambridge · last 12 months
- Median sold price
- $675,000
- Homes sold
- 1,168
- Median days on market
- 21
- Sale-to-list price
- 100.3%
Based on 1,168 recorded sales of commercial properties in Cambridge over the last 12 months.
Listed by
RE/MAX TWIN CITY REALTY INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 4,600 sq ft
- Price per sq ft
- $195.65
- Annual property tax
- $16,063
- Tax per sq ft
- $3.49
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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