699 BELMONT Avenue West, Kitchener - Business for Sale
699 BELMONT Avenue West, Kitchener, Ontario, N2M1P1
This business in Kitchener is for sale. It has been on the market 22 days, fresher than the Kitchener average of 53 days.
Description
Excellent opportunity to own an established non-franchise shawarma/fast-food business with no franchise fees or royalty payments. Located in a busy plaza surrounded by residential apartments, this grab-and-go food business benefits from a strong local customer base and convenient access to nearby amenities. Approximately a 10-minute walk from local high schools and Grand River Hospital. The space offers flexibility to continue the existing shawarma operation or explore other fast-food concepts, including pizza, burgers, or other food-service uses, subject to applicable approvals. Unfinished basement provides additional storage space. Potential future residential and commercial development in the surrounding area may provide additional exposure and customer opportunities. Ideal opportunity for an owner-operator or investor looking to operate a food business in the established Belmont Village community. Non-franchise operation means no franchise restrictions or ongoing royalty payments. Please book a showing in advance. (id:66096)
Property Details
- MLS®
- 40870341
- Property Type
- Business
- Zoning
- C4
- Basement
- None
- Listed
- 22 days ago
Market Timing
Extended: 22 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 22 days, which is 31 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 (N2M)
This home lists at $139,000, about 1.9× the local median household income of $71,500.
Carrying it typically needs a household income of about $27,152 (20% down, 25-yr amortization, stress-tested) — within reach of 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)
Book a showing
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$139,000
Kitchener