For Lease · Retail

626 KING Street E, Cambridge

626 KING Street E, Cambridge, ON N3H3N6

Price on request

2,500 SF

Asset Class

Retail

Size

2,500 SF

Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

—

Occupancy

94%

About this property

Prime commercial leasing opportunity in a high-visibility location along busy King Street East Cambridge’s vibrant Preston core. This versatile space features full-height glass storefront display windows and a bright, tiled entrance foyer, providing brand exposure along a busy pedestrian and vehicular corridor. The main floor offers a spacious open-concept showroom complete with modern vinyl plank flooring, track and ceiling lighting, and a functional rear studio/workstation area equipped with shelving and custom workbenches. Flexible C1RM2 zoning permits a wide spectrum of commercial uses including retail stores, professional offices, personal service shops, medical/wellness clinics, and art/craft studios. In addition to the main floor layout, this unit includes over 650 square feet of additional space in the basement, ideal for inventory, back-of-house operations, or secure storage. Conveniently located near public transit, municipal parking options, and quick access to Highway 401. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Prairie Coffee Roasters2,350 SF2028-08

Area demographics

Trade area within 3 miles of the property.

Population

66,524

Households

25,958

Median income

$112,000

Median age

35.1

Daytime population

84,580

5-yr growth

5.5%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 626 KING Street E, Cambridge.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.