277 LANCASTER Street West, Kitchener - Business for Sale
277 LANCASTER Street West, Kitchener, Ontario, N2H4V2
Description
Exceptional opportunity to acquire a well-established Convenience Store and Vape Shop in a growing residential community. This commercial property is zoned for a variety of neighborhood-serving uses, offering excellent flexibility for owner-operators, entrepreneurs, and investors. Located within a large, established residential neighborhood and just minutes from major highways, the property benefits from strong traffic exposure and a growing customer base. Current and projected net income exceeds $10,000 per month, providing immediate cash flow with further upside potential. An outstanding opportunity for investors seeking stable returns or business owners looking to own their real estate while generating additional rental income. (id:66096)
Property Details
- MLS®
- 40836636
- Property Type
- Business
- Basement
- None
- Listed
- 154 days ago
Market Timing
Long Listed: 154 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 (N2H)
This home lists at $299,000, about 4.1× the local median household income of $73,500.
Carrying it typically needs a household income of about $58,405 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $73,500
- Population
- 22,456
- Median age
- 38.4
- Owner / renter
- 49% / 51%
- Avg. household size
- 2.1
Source: Statistics Canada, 2021 Census (FSA N2H)
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$299,000
Kitchener