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Domenica Carelli

domenica@carellirealty.ca +1(647) 214-2994

Listed by Tony Johal • RE/MAX TWIN CITY REALTY INC.

$ 999,999

Est. payment -/mo

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1118 King Street E Cambridge, ON N3H 3P6

4,600 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 4,600 sqft

Price per Sqft $217

MLS Listing ID 40864072

Abv Grd Liv Area 4,600

Annual Tax Amount $16,063

Property Sub-Type Building and Land

Source Cornerstone

Property Description

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 60% with fully open terms (pay off anytime without penalty) for 3–5 years. Fully vacant — IMMEDIATE CLOSING AVAILABLE.

Location

Province ON

County Waterloo

Area 15 - Preston

Zoning C2

Direction PRESTON - KING ST E

Rooms

Basement Full

Kitchen 0

Interior

Fireplace No

Exterior

Parking On Site 15

Lot Frontage 51.0

Lot Depth 209.0

Garage No

Building

Lot Description Irregular Lot, Airport, Business Centre, City Lot, High Traffic Area, Highway Access, Hospital, Major Anchor, Public Transit, Visual Exposure

Faces PRESTON - KING ST E

Story 1

Sewer Sewer (Municipal)

Water Municipal

New Construction No

Others

Senior Community No

Tax ID 226480106

Ownership Freehold/None

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Domenica Carelli

Agent

+1(647) 214-2994

Domenica Carelli

1118 King Street E Cambridge, ON N3H 3P6

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1118 King Street E