For Lease · Land

986 & 1030 KING STREET, Cambridge

986 & 1030 KING STREET, Cambridge, ON N3H3P3

Price on request

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Asset Class

Land

Size

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Building class

A

Zoning

AG — Agricultural

$ / SF

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Occupancy

93%

Lot Size

1.02 ac

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 986 & 1030 KING STREET, 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.