Room 1
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868 King Street
Preston North, Cambridge, ON N3H 3P2
Description
Rare opportunity to acquire a cleared, shovel-ready development parcel in the heart of Preston, Cambridge's fastest-evolving transit-oriented corridor. This 20,193 sq ft (0.464 acre) corner lot delivers 133.95 ft of premium frontage on King Street East with additional exposure on Lowther St E, offering irreplaceable visibility and access. Zoned C1RM2 (Commercial / Multi-Residential) with a Mixed Use (Including Residential) Official Plan designation and Major Transit Station Area (MTSA) overlay, the site offers developers the potential of a wide variety of build options. Strategically positioned, the property is within walking distance of the planned Stage 2 ION LRT station at King Street East and Eagle Street in addition to the Preston downtown core, schools, shopping, restaurants, parks and grocery. Highway 401 access in 5 to 7 minutes; Site is currently vacant, cleared, and ready for design. Phase II ESA, Archaeological Report as well as survey available to qualified purchasers under confidentiality.
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- 40824644
- Board
- Cornerstone (ITSO) MLS®
- Days on market
- Tax
- $29,570
- Lot
- 134.20 × 157 Acres
Listing History
Buy/Sell history for 868 King Street, Cambridge, ON
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $1,099,000 | N/A | For Sale | 40824644 |
Estimated Market Value
Estimated value requires sign in
AI market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
Property Details
Property
- Property Type
- Land
- Style
- Land - (Mixed Use)
- Community
- Preston North
- Municipality
- Cambridge
Utilities
- Water
- Municipal
Land
- Sewer
- Sewer (Municipal)
- Lot Size
- 134.20 × 157 Acres
- Lot Size Code
- Acres
Rooms (12)
Room 2
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Room 3
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Room 4
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Room 5
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Room 6
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Room 7
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Room 8
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Room 9
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Room 10
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Room 11
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Room 12
Level not provided
Location
Comparable Sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$5,038
- Down payment$219,800
- Mortgage amount$879,200
- Total interest$632,200
- Total cost$1,731,200
Cash flow analysis
$5,038
Total monthly payment
$7,502
Break-even down payment
100%
Cash flow-$7,502
03 / Community profileNeighbourhood demographicsPeople, homes and household context
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04 / Local performanceMarket detailsNeighbourhood price and activity trends
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$1,099,000
$1,099,000
CAD
Estimated market value
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