589 Fairway Road South, Kitchener - Business for Sale
589 Fairway Road South, Kitchener, Ontario, N2C1X4
Description
Excellent opportunity to acquire a well-established Pita Pit located in a high-traffic retail corridor in Kitchener. Operating successfully at the same location for several years, this turnkey quick-service restaurant benefits from strong brand recognition, loyal repeat clientele, and consistent foot traffic.Strategically positioned near Fairview Park Mall and Fairway Station with convenient access to Highway 8. Surrounded by major national retailers including Food Basics, Marshalls/HomeSense, Starbucks, GoodLife Fitness, and Popeye's Supplements, driving strong daily customer flow.Fully equipped and operating within an established franchise system, this is an ideal opportunity for owner-operators or investors seeking a proven business in a prime commercial location. Seating capacity for approximately 22 patrons.Please do not go direct or speak to staff.Total monthly rent inclusive of TMI and HST: $8,662.85Approx. 1,700 sq ft. (id:66096)
Property Details
- MLS®
- X13656830
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- M3
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 86 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 86 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 (N2C)
This home lists at $159,900, about 2.3× the local median household income of $70,000.
Carrying it typically needs a household income of about $31,234 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $70,000
- Population
- 17,681
- Median age
- 36.8
- Owner / renter
- 33% / 67%
- Avg. household size
- 2.4
Source: Statistics Canada, 2021 Census (FSA N2C)
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$159,900
Kitchener