Salehian.com 647-325-5000

868 King Street E

Cambridge, N3H 3P2

$1,099,000

Reduced $300,000 from $1,399,000

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Listed 173 days ago · MLS® X13065006

About this home

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

Type
Land
Lot
133.95 × 157 ft
Property tax
$29,570 (2025)
Municipality
Cambridge

Heating, cooling and services

Water and sewer
Sanitary Available
Utilities
Available

Building and exterior

Building area
0 Acres

More

Possession
Consistent with Lenders / Lawyers
Cross street
Lowther St S

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Somewhat walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 1 grocery store, 5 cafés and restaurants, 6 parks, 3 pharmacies. Nearest grocery: No Frills (950 m). Nearest park: Central Park (350 m).

Schools nearby

Elementary

  • Preston Public School
    EQAO: Gr 6 reading 82%, math 41%    6 min walk
  • Grand View Public School
    EQAO: Gr 6 reading 87%, math 39%    7 min walk
  • St. Michael Catholic Elementary School Catholic
    EQAO: Gr 6 reading 73%, math 31%    13 min walk
  • St. Joseph Catholic Elementary School Catholic
    EQAO: Gr 6 reading 90%, math 70%    16 min walk

Secondary

  • Preston High School
    EQAO: Gr 9 math 67%, literacy test 77%    15 min walk
  • William G Davis Public School18 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N3H

Owners / renters
62% / 38%
Median household income
$82,000
Average age
42
Children under 15
15%
Homes
51% detached, 8% high-rise
Commute by transit
5%
Population
24,306

Languages spoken most at home besides English: Punjabi (Panjabi) 2.3%, Urdu 1%, Gujarati 0.7%, Portuguese 0.7%.

Safety

Crime Severity Index for Waterloo Region (Kitchener) police: 67 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown Kitchener: 13 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by RE/MAX Real Estate Centre Inc..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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