Freehold commercial building with 4,600 sq ft in downtown Cambridge (Preston), 10 minutes from Highway 401 and 24
High-traffic location across from LCBO with approximately 20,000 vehicles passing daily
Two municipal addresses (1118 & 1122 King St E); can be divided into two separate units with individual entrances using a center partition wall
C6 zoning permits future residential construction above the commercial space
Bar, 16-ft commercial kitchen hood, walk-in cooler, 3 main floor washrooms, and unfinished basement with storage and 4th washroom included
Roof replaced in 2025; commercial flooring, furnace, and commercial toilets replaced in 2026
Rear parking for approximately 15 vehicles; vendor take-back financing available up to 60% with open terms for 3-5 years; immediate occupancy available
Key points are generated by Renavu from the listing description — not from, provided by, or endorsed by TRREB or PropTx.
What you actually need in cash — land transfer tax, closing costs, and your down payment.
Purchase price
$
Down payment · 20.0%
$
Down:or type any amount above
This price requires at least 7.5% down (5% on the first $500K, 10% above).
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$16,475
Legal · title · inspection$2,800
Closing costs$19,275
Down payment$200,000
Total cash to close$219,275
Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.
$999,999
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