How can Zara help?Zara · AI virtual agent · 24/7 · free
Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Commercial Property in Cambridge
About 1118 King Street
VTB possible. Turnkey ready freestanding commercial building with approx. 2,500 sq. ft. on the main level plus 2,100 sq. ft. unfinished basement, 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.
Cambridge retail priced at $899,999 — book a tour to see if it fits your search.
Inside 1118 King St
Every detail from the listing, in one place.
Type
Retail
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Commercial Retail
1118 King St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Average days on market33Homes sold in about 33 days on average.
Sale-to-list ratio99.7%On average, homes sold below asking.
Active listings406Homes for sale here right now.
Median vs prior 90 days+2.2%Compared with May 12 – Aug 10, 2026: prices up.
Based on 429 sales from Aug 10 – Nov 8, 2026 (405 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1118 King St
How much is 1118 King St listed for?
1118 King St is listed at $899,999 (MLS® X13798228). Summitly updates the price as soon as the MLS® record changes.
Has the price of 1118 King St changed?
Yes — it was first listed at $999,999 and is now $899,999, a drop of $100,000 (10.0%).
How many bedrooms and bathrooms does 1118 King St have?
The listing for 1118 King St doesn't publish its bedroom and bathroom count. It is a commercial property in Cambridge.
How does 1118 King St compare with other homes in Cambridge?
Its asking price of $899,999 is about 30% above the median sold price in Cambridge over the last 90 days, $690,000, across 429 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 1118 King St been sold before?
Summitly has no earlier MLS® sale or lease of 1118 King St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1118 King St?
1118 King St is in Cambridge, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1118 King St been on the market?
52 days — 1118 King St was listed on September 17, 2026.
What is the land transfer tax on 1118 King St?
About $14,475 in Ontario land transfer tax at the asking price of $899,999. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 1118 King St or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 1118 King St?
The listing for 1118 King St doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Cambridge.
When was 1118 King St built?
The listing for 1118 King St doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.