453 AND 455 KING STREET E, Cambridge
$499,000
For sale: Multiplex
- Property type
- Multiplex
- Bedrooms / bathrooms
- 3 bedrooms, 2 bathrooms
- Living area
- 2,000 sqft
- MLS®
- MLS® X13015056
Prime Development Opportunity Awaits - calling all investors, renovators, developers, end-users, professionals looking for mixed use space! Over 3,000 sq ft across 3 levels, positioned along one of Cambridge's fastest-growing corridors with the bus at your doorstep, 453 King St E offers exceptional mixed-use potential in a high-visibility location. Zoned C1RM2, this property supports a wide range of commercial and residential uses, with strong upside for investors and developers alike. Downtown Cambridge and King Street East is undergoing significant intensification, with multiple mixed-use and mid-rise developments proposed and also the Cambridge LRT extension/development reflecting the City's broader push toward higher-density, transit-supportive growth and vibrant main street communities. The property presents an excellent value-add opportunity, with potential to renovate into a 3-unit income-generating units and explore laneway garage development. Central Air. Separate hydro meters. Double Car parking at rear. Separate basement walk-up entrance. Surrounded by established amenities, transit, and quick access to Highway 8 and the 401, this location continues to attract both residential and commercial demand in a rapidly evolving market. Property being sold as-is, floorplan attached.
Sold data
Multiplex homes in Cambridge — recent sold market
Multiplex homes in Cambridge took a median of 42 days to sell over the last 730 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 65, across 34 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 60 days.
The median sale price was $769,500.
Homes sold for about 3.8% below asking on average, so there was room to negotiate.
About 18% of sales closed above the list price.
Around 18% of sellers reduced their price before finding a buyer.
- Median days to sell
- 43
- Median sale price
- $769,500
- Sale-to-list ratio
- 96.2%
- Sold above asking
- 18%
Based on 34 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. 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
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