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1118 KING STREET E, Cambridge, Ontario, N3H 3P6

MLS® # X12212125
Commercial For Sale In Central Park, Cambridge, Ontario
$275,000
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
1118 King Street E, Cambridge, ON
  • Advertising
1118 KING STREET E, Cambridge, Ontario, N3H 3P6
$275,000

Property Information:

A premier opportunity awaits an ambitious owner-operator with the sale of a well-established and thriving restaurant located in the vibrant core of Downtown Cambridge. This is a unique chance to acquire a successful, turn-key business strategically positioned to benefit from the area's significant and consistent foot traffic.Nestled amidst a dynamic mix of popular bars, corporate offices, and bustling retail stores, this establishment is a prime destination for a diverse and steady stream of patrons. The restaurant offers a welcoming atmosphere with an interior capacity for 60 guests and is fully licensed (LLBO), providing a crucial asset for revenue growth through beverage sales.The operation is supported by a fully equipped kitchen, ready for immediate culinary execution. A key advantage of this location is its convenient parking, with ample private spaces available at the rear of the building in addition to accessible street parking.This offering is defined by its remarkable flexibility and strong financial viability. The exceptionally low rent minimizes overhead, directly enhancing profitability. Furthermore, the absence of franchise or menu restrictions grants a new owner complete creative freedom to continue the current concept or to introduce any type of culinary vision to an eager downtown clientele. (id:27)

Building Features:

  • Style: Business
  • Air Conditioning: Yes
  • Heating Type: Other
  • Heating Fuel: Natural gas
  • Cooling Type: Fully air conditioned

Property Features:

  • Property Type: Business
  • Irregular: Yes
  • Lot Depth: 209.1 Feet
  • Lot Frontage: 51.0 Feet
  • Lot Size: Bldg=51 x 209.13 FT
  • Zoning: C2

Courtesy of: HOMELIFE 247 REALTY

REALTOR.ca  

Location of 1118 KING STREET E, Cambridge, Ontario, N3H 3P6

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

33 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

33 hot days expected in 2050

52/100

Moderate

ClimateCheck®

Current data

This property, 1118 KING STREET E , experiences 7 hot days per year at around 31 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 33 hot days at 34.5 degrees Celsius.

Projected Avg. Temperature

Past
31℃
2050
34.5℃

# Hot Days Per Year

Past
7
2050
33

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 1118 KING STREET E , experiences 11 significant 2-day storms per year, with about 321.4mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 396.7mm of precipitation per year.

Precipitation Per Storm

Past
321.4mm
2050
396.7mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 1118 KING STREET E, Cambridge, Ontario, N3H 3P6

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$95,922.42

Average Number of Children

1.55

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

24.86 %

High school certificate or equivalent

39.64 %

Apprenticeship trade certificate/diploma

6.15 %

College/non-university certificate

21.78 %

University certificate (below bachelor)

0.6 %

University Degree

6.96 %

Commuter

Travel To Work

By Car

84.79 %

By Public Transit

6.48 %

By Walking

3.88 %

By Bicycle

0.0 %

By Other Methods

4.85 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

44.74 %

Houses

55.26 %

Own Vs. Rent