$1,099,000
 $5,900 est/mo Sourced by Back At You

868 King Street E,Cambridge, ON N3H 3P2

Cambridge, ON N3H 3P2

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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.

Details

MLS #40824644
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site189
Listing Provided ByRE/MAX REAL ESTATE CENTRE INC. | Terry Riddoch

Features

ZoningC1RM2
Acreage0.46

Interior

Cooling Yes / NoNo

Exterior

Lot FeaturesUrban, City Lot, High Traffic Area, Highway Access, Public Transit, Schools

Utilities

UtilitiesAt Lot Line-Gas, At Lot Line-Hydro, Municipal to Lot Line
SewerSewer (Municipal)

Taxes

Tax Annual Amount29570

Area Information

ProvinceON
CountyWaterloo
CityCambridge
Postal CodeN3H 3P2
Area15 Preston
Subarea52 Preston North
Community Name52 Preston North
Listing VS Median (in 52 Preston North)
Price:
$1,099,000
low | high
Med:
$512,300
100% of Average
On site:
189
low | high
Med:
121
100% of Average
Sourced by Back At You

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Learn More About This Property

JESSICA CHRISTINA ALMEIDA

JESSICA CHRISTINA ALMEIDA

Coldwell Banker The Real Estate Centre

 (416) 997-6255jessica.almeida@wearetrec.com
ProvinceON
CountyWaterloo
CityCambridge
Postal CodeN3H 3P2
Area15 Preston
Subarea52 Preston North
Community Name52 Preston North
Listing VS Median (in 52 Preston North)
Price:
$1,099,000
low | high
Med:
$512,300
100% of Average
On site:
189
low | high
Med:
121
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $824K - $1.373M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
868 King Street E Property Photo 1
$1,099,000
868 King Street E
Cambridge, ON N3H 3P2
Listing Updated: November 3, 2026 at 1:11:21 AM PST