155 Highland Road East, Kitchener - Business for Sale
155 Highland Road East, Kitchener, Ontario, N2M3W1
Description
Exceptional opportunity to acquire a fully equipped turnkey restaurant in a prime Kitchener location at 155 Highland Rd E. Approximately 1,700 sq. ft. with 40 indoor seats, situated in a high-traffic commercial plaza surrounded by established residential neighbourhoods, schools, shopping amenities, and major arterial routes, offering excellent visibility and ample customer parking.Successfully operating for 3+ years with approximate monthly sales of $60,000+, this business offers the flexibility to continue the existing concept or re-brand to your own vision.Current rent is $3,864.77/month including TMI. The sale includes an extensive list of chattels and equipment, including a 16-ft commercial exhaust hood, convection oven, 6-burner gas stove, deep fryer, tandoori pot, dosa slab, walk-in freezer, chef reach-in cooler, prep tables, POS system, security camera system, TVs, stainless steel shelving, dining tables, chairs, sofas, and various cookware items.Excellent opportunity for owner-operators, families, franchise operators, or investors seeking a turnkey business in one of Kitchener's thriving commercial corridors.Do not go direct. Please do not approach staff or ownership. (id:66096)
Property Details
- MLS®
- X13471440
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- C2
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 137 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 137 days on market, against an average age of 53 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 31 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 100.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
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Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N2M)
This home lists at $369,000, about 5.2× the local median household income of $71,500.
Carrying it typically needs a household income of about $72,079 (20% down, 25-yr amortization, stress-tested) — roughly 1% above the area median.
- Median household income
- $71,500
- Population
- 36,494
- Median age
- 36.4
- Owner / renter
- 46% / 54%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA N2M)
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$369,000
Kitchener