Property Information:

Prime Development Opportunity Awaits - calling all investors, renovators, developers, end-users, professionals looking for mixed use space! Over 3,000 sq ft across 3 levels, positioned along one of Cambridge's fastest-growing corridors with the bus at your doorstep, 453 King St E offers exceptional mixed-use potential in a high-visibility location. Zoned C1RM2, this property supports a wide range of commercial and residential uses, with strong upside for investors and developers alike. Downtown Cambridge and King Street East is undergoing significant intensification, with multiple mixed-use and mid-rise developments proposed and also the Cambridge LRT extension/development reflecting the City's broader push toward higher-density, transit-supportive growth and vibrant main street communities. The property presents an excellent value-add opportunity, with potential to renovate into a 3-unit income-generating units and explore laneway garage development. Central Air. Separate hydro meters. Double Car parking at rear. Separate basement walk-up entrance. Surrounded by established amenities, transit, and quick access to Highway 8 and the 401, this location continues to attract both residential and commercial demand in a rapidly evolving market. Property being sold as-is, floorplan attached. (id:27)

Building Features:

Style: Multiplex
Building Type: Other
Basement Development: Unfinished
Basement Type: N/A, N/A, N/A
Exterior Finish: Brick, Vinyl siding
Floor Space: 1500 - 2000 sqft
Foundation Type: Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Dryer, Freezer, Stove, Washer, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 3
Bathrooms: 2
Half Bathrooms: 1
Features: Lane
Floor Space (approx): 1500 - 2000 Square Feet
Irregular: Yes
Lot Depth: 160.6 Feet
Lot Frontage: 20 Feet
Lot Size: 20 x 160.6 FT
Zoning: C1RM2
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 2

Courtesy of: RIGHT AT HOME REALTY

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Demographic Information of 453 AND 455 KING STREET E, Cambridge, Ontario, N3H 3N1

Life Stage

Later Years

Employment Type

Service Sector/White Collar

Average Household Income

$94,223.60

Average Number of Children

1.58

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.2 %

High school certificate or equivalent

38.83 %

Apprenticeship trade certificate/diploma

6.75 %

College/non-university certificate

20.83 %

University Degree

15.4 %

Commuter

Travel To Work

By Car

86.11 %

By Public Transit

1.45 %

By Walking

9.74 %

By Bicycle

0.0 %

By Other Methods

2.7 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

58.6 %

Houses

41.4 %

453 AND 455 KING STREET E, Cambridge, Ontario, N3H 3N1