564 King Street, Kitchener - Business for Sale
564 King Street, Kitchener, Ontario, N2G2M1
This business in Kitchener is for sale. It has been on the market 15 days, fresher than the Kitchener average of 53 days.
Description
Excellent turnkey takeout restaurant opportunity in prime Kitchener! Features a low base rent of just $1,650+HST with flexible lease terms. Steps to Kitchener GO Transit and surrounded by high-rise buildings with strong foot traffic and a built-in customer base. Fully set up and ready for your food concept on day one - ideal for an owner-operator. Zoning SGA-2 permits restaurant use. A rare low-cost entry into Kitchener's thriving food scene! (id:66096)
Property Details
- MLS®
- X14098478
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- SGA-2
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 15 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Active: 15 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.
This business in Kitchener has been listed for 15 days, which is 38 days fresher than the city average of 53. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N2G)
This home lists at $159,000, about 2.5× the local median household income of $62,400.
Carrying it typically needs a household income of about $31,058 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $62,400
- Population
- 14,580
- Median age
- 38
- Owner / renter
- 31% / 69%
- Avg. household size
- 1.8
Source: Statistics Canada, 2021 Census (FSA N2G)
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$159,000
Kitchener