868 King Street E
Cambridge, ON N3H 3P2
For more information on this listing, contact us at: (888) 333-5357
Active
$1,099,000
-21.4%
868 King Street E Cambridge, ON N3H 3P2
Mixed
Property Type
0.46
Acres
Waterloo
Region
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.
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.
MLS #
40824644
Monthly Assoc. Fee
N/A
On Site
182 Days
Last Updated
9/29/2026
For additional details, clarifications, or to request neighbourhood insights or comparables, our team is available to assist.
Location
Contact Agent
Affinity Real Estate
(888) 333-5357Property Details
Community Information
Address
868 King Street E, Cambridge, ON N3H 3P2
Area
15 - Preston
Region
Waterloo
City
Cambridge
Postal Code
N3H 3P2
Neighborhood
52 - Preston North
Property Features
Lot Size
20,212 Sq. Ft. / 0.46 Acres
Lot Dimensions
134.2 x 157
Lot Features
Urban, City Lot, High Traffic Area, Highway Access, Public Transit, Schools
Frontage
West
Frontage Length
134.20
Utilities
At Lot Line-Gas, At Lot Line-Hydro, Municipal to Lot Line
Sewer
Sewer (Municipal)
Water
Municipal
Zoning
C1RM2
Tax and Financial Info
Tax Annual Amount
$29,570
Ownership Type
Freehold/None
Transaction Type
Sale
Listing Agent/Office
Listing provided courtesy of Terry Riddoch, RE/MAX Real Estate Centre Inc..
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Your monthly payment will be
$0,000
Loan and interest only.
Purchase price
Down payment
Price Change History
| Date | Old Price | New Price | Percent Change |
| 5/20/2026 | $1,399,000 | $1,299,000 |
-7.1%
|
| 6/30/2026 | $1,299,000 | $1,199,000 |
-7.7%
|
| 7/31/2026 | $1,199,000 | $1,099,000 |
-8.3%
|
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Listing Information Last Updated 9/29/2026
The Company acknowledges that The Canadian Real Estate Association (CREA) is the owner of the MLS®, Multiple Listing Service® and related certification marks, and is the exclusive licensee of the REALTOR®, REALTORS® and related certification marks (collectively, “CREA’s trademarks”).
