
1/2986 & 1030 KING STREET, Cambridge, ON N3H3P3
Price on request
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Asset Class
Land
Size
—
Building class
A
Zoning
AG — Agricultural
$ / SF
—
Occupancy
93%
Lot Size
1.02 ac
FOR LEASE986 & 1030 KING STREET EAST, CAMBRIDGELease Rate: $7,500/Month | Flexible TermHigh-exposure corner site available now for lease! Two contiguous parcels, roughly 1.024 acres combined, sitting right at the busy intersection of King Street East and Westminster Drive. Maximum visibility, maximum traffic, minimum competition.Highway 8 and Highway 401 are minutes away. Cambridge Memorial Hospital, transit, schools, and a thriving mix of residential and commercial neighbours surround the site - built-in demand that isn't going anywhere.Zoned C1RM2 & C1C5, designated Mixed Use (including Residential) under the Official Plan - this site is flexible and ready for a wide range of commercial or mixed-use tenant needs, with terms open to discussion to suit the right operator.Whether you're looking to set up a flagship location, expand your footprint, or find a standout base for your business, this corner offers the kind of exposure that's tough to replicate. (id:66811)
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Monthly debt service
$7K
Projected NOI
$80K
Annual cash flow
$-3K
Cash-on-cash
-0.69%
DSCR
0.96
Going-in cap
5.34%
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.
Trade area within 3 miles of the property.
Population
103,544
Households
47,767
Median income
$135,500
Median age
39.6
Daytime population
157,373
5-yr growth
9.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 986 & 1030 KING STREET, Cambridge.
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.