1118 King Street E, Cambridge
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. C6 zoning allows for future opportunity to build residential units on top! 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 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 60% with fully open terms (pay off anytime without penalty) for 3–5 years. Fully vacant — IMMEDIATE CLOSING AVAILABLE. (id:1945)
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Property details for 1118 King Street E, Cambridge
- Type
- Commercial
- Living Area
- 4,600 square feet
- Stories
- 1
- Basement
- Full
- Ownership
- Freehold
- Annual Taxes
- $16,063
Nearby Listings Stat
Estimated price and comparable properties near 1118 King Street E
Active Listings
168
Min Price
$550
Max Price
$2,100,000
Avg Price
$678,607
Days on Market
55
days
Sold Listings
55
Min Sold Price
$25,000
Max Sold Price
$1,449,900
Avg Sold Price
$659,633
Days until Sold
64
days
Price History
Listed
September 17, 2026
by RE/MAX TWIN CITY REALTY INC.
Current Price
$999,999
+308.2% from last change
Type
Commercial
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $999,999 | +$754,999 (+308.2%) |
| Sep 17, 2026 | $245,000 | Listed |
