1118 KING STREET, Cambridge

$899,999

For sale: Other

Other at 1118 KING STREET, Cambridge
Property type
Commercial Retail
MLS®
MLS® X13798228

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.

Sold data

Homes in Cambridge — recent sold market

Homes in Cambridge took a median of 25 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 49, across 267 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 44 days.

The median sale price was $679,900.

Homes sold for about 2.0% below asking on average, so there was room to negotiate.

About 27% of sales closed above the list price.

Around 20% of sellers reduced their price before finding a buyer.

Median days to sell
25
Median sale price
$679,900
Sale-to-list ratio
98.0%
Sold above asking
27%

Based on 267 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Cambridge

Cambridge has 46 Fraser Institute–rated schools (38 elementary and 8 secondary), averaging 5.6/10.

Rated schools
46
Elementary
38
Secondary
8
Average rating
5.6 / 10

Top-rated schools in Cambridge

  • Islamic School of Cambridge — elementaryFraser rating 10.0/10
  • Ontario Muslim Academy — elementaryFraser rating 10.0/10
  • Mother Theresa — elementaryFraser rating 7.5/10
  • Père-René-de-Galinée — secondaryFraser rating 7.2/10
  • St Margaret — elementaryFraser rating 7.2/10
  • Parkway — elementaryFraser rating 6.8/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 1118 KING STREET