347 LANCASTER Street, Kitchener - Business for Sale
347 LANCASTER Street, Kitchener, Ontario, N2H4H4
Description
Turnkey, fully licensed restaurant located in a high-traffic area, featuring a fully equipped commercial kitchen and established layout. The premises benefit from a cooperative landlord, offering a smooth transition for new ownership. Ideal for owner-operators or those seeking a rebranding opportunity. Plenty of parking in front and back of building. “Liquor license transferable (subject to approval)” “Favorable lease terms in place” “Includes all chattels and equipment” “High foot traffic and strong surrounding anchors” (id:66096)
Property Details
- MLS®
- 40817458
- Property Type
- Business
- Basement
- None
- Listed
- 215 days ago
Market Timing
Long Listed: 215 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 $110,000, about 1.5× the local median household income of $73,500.
Carrying it typically needs a household income of about $21,487 (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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$110,000
Kitchener