453 and 455 King Street E, Cambridge, ON N3H 3N1
- Property tax
- $6,675 / year
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.
- MLS number
- X13015056
- Type
- Multiplex
- Status
- Active
- Bedrooms
- 3
- Bathrooms
- 2
- Postal code
- N3H 3N1
- Photos
- 2
This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Multiplex
- Style
- 2-Storey
- Class
- Residential Freehold
- Fronting on
- East
- Municipality
- Cambridge
- Cross street
- King St E & Waterloo St N
- Zoning
- C1RM2
Inside
- Bedrooms
- 3
- Bedrooms above grade
- 3
- Bathrooms
- 2
- Washrooms
- 1 on the upper floor · 1 on the basement floor
- Kitchens
- 1
- Rooms above grade
- 8
- Family room
- Yes
- Basement
- Development Potential, Unfinished, Walk-Up, Separate Entrance
- Laundry
- Main Level
- Size
- 1500-2000
Building
- Construction
- Brick, Vinyl Siding
- Roof
- Metal
- Foundation
- Concrete
Parking
- Covered spaces
- 0
- Driveway spaces
- 2
- Total parking
- 2
- Features
- Lane
Land
- Lot
- 20 × 160.56 feet
- Pool
- None
Heating, cooling and services
- Heating
- Forced Air
- Heat source
- Gas
- Cooling
- Central Air
- Water
- Municipal
- Sewer
- Sewer
Features
- Interior
- None
Listing
- MLS number
- X13015056
- Status
- Price Change
- Previous status
- New
- Listed on
- 2026-04-17
- Expires
- 2026-09-30
- Possession
- 2026-05-15
- Taxes
- $6,675 (2025)
- Board
- Toronto Regional Real Estate Board
Listing history
No previous listings found for this address.
Where this property is
Where this address sits, matched against open government data.
Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.
Schools
The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.
Other schools nearby
By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.
| School | Level | Distance | Rating |
|---|---|---|---|
| Preston Public School Waterloo Region DSB | Elementary | 371 m | / 10 70% met the standard |
| Preston High School Waterloo Region DSB | Secondary | 776 m | / 10 72% met the standard · 2 of 6 measures |
| St Joseph Catholic Elementary School Waterloo CDSB | Elementary | 976 m | / 10 81% met the standard |
| Grand View Public School Waterloo Region DSB | Elementary | 894 m | / 10 74% met the standard |
| Parkway Public School Waterloo Region DSB | Elementary | 1.3 km | / 10 86% met the standard |
| St Michael Catholic Elementary School Waterloo CDSB | Elementary | 1.4 km | / 10 62% met the standard |
How the rating is calculated
EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.
Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.
What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.
Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.
H-Value
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 1,095 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35300483 — the few blocks around this address, home to 1,095 people. It describes the area, not this property.
Percentages are of the 735 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.
Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.