1270 KING STREET EAST
Cornerstone · N3H3P8
$730,000
About this residence
Prime opportunity in the heart of Cambridge Preston Downtown—a high-exposure location surrounded by established businesses, steady pedestrian traffic, and a full range of amenities. This solid 1989-built commercial building offers approximately 1,850 sq. ft. of total above ground space and is zoned C2RM3, allowing for Commercial, Residential, or Mixed-Use applications. It’s an excellent fit for investors, business owners, or those seeking a flexible live-work configuration. Previously used as a dental lab, the property is now vacant and ready for customization, providing an adaptable footprint for retail, office, studio, service business, or a new owner’s tailored vision. The main floor features an open-concept layout with one washroom, ideal for retail or client-facing operations. The second floor includes three rooms and one washroom, suitable for office suites, treatment rooms, or potential residential conversion. The basement offers additional storage space with a bathroom rough-in, adding further development potential. Recent updates include: • Roof (2019) • Furnace (2020) • Water Softener (2019) • Three main-floor windows repaired (two at the front entrance and one facing the rear parking area) & New electric Panel (2022) * Air conditioner Unit (2023). The property also provides ample rear parking, a valuable advantage in the downtown core. With its strategic downtown location, strong zoning flexibility, and adaptable interior layout, this property presents an exceptional opportunity for a wide range of commercial or mixed-use uses in one of Cambridge’s most vibrant and growing districts. Property is being sold in As-Is condition. (id:61366)
Property details
- Property type
- Other
- Style
- Residential Commercial Mix
- Ownership
- Freehold
- Storeys
- 2
- Living area
- 1,848 sq ft
- Lot size
- 0.075
- Frontage
- 33 feet
- Parking
- 5 spaces
- Year built
- 1989
- Annual tax
- $7,240
- MLS®
- 40803776
- Board
- Cornerstone
- Status
- Active
- Listed
- Feb 19, 2026
- Updated
- Jul 5, 2026
Features & finishes
Basement
- Full
Exterior
- Vinyl siding
- Stucco
Foundation
- Block
Lot
- Visual exposure
- Paved driveway
Sewer & Utilities
- Municipal sewage system
Community
- High Traffic Area
Financing
Estimated monthly payment
$3,414/mo
Loan amount
$584,000
Down payment
$146,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Cornerstone
Nearby
About the area
Census · N3H- 24,306
- Population
- 41
- Median age
- $82,000
- Median income
- $600,000
- Median home value
- 62%
- Home ownership
- 24 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 1270 KING STREET EAST?
1270 KING STREET EAST is listed for $730,000, in Cornerstone.
What type of home is 1270 KING STREET EAST?
1270 KING STREET EAST is a Other, Residential Commercial Mix set over 2 storeys, built in 1989.
How large is 1270 KING STREET EAST?
The home offers approximately 1,848 sq ft of living space on a lot measuring 0.075.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $3,414. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $7,240 per year.
Is there parking?
Yes — 1270 KING STREET EAST includes 5 parking spaces.
What is the Cornerstone area like?
Cornerstone has a population of about 24,306, a median age of 41, a 62% home-ownership rate, with an average commute of about 24 minutes.
What is the average home value in Cornerstone?
The median dwelling value in this area is approximately $600,000, based on census data via Neighbourly.
What is the median household income in Cornerstone?
The median household income in this area is approximately $82,000.
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