#104 1405 OTTAWA Street North, Kitchener - Business for Sale
#104 1405 OTTAWA Street North, Kitchener, Ontario, N2A3Z1
This business in Kitchener is for sale. It has been on the market 14 days, fresher than the Kitchener average of 53 days.
Description
Incredible opportunity to own a well established Convenience store in a high traffic, well anchored strip mall. Mall features many complimentary business within the complex that help support the variety business. High monthly gross sales at $50,000 per month on average. $3900 Lotto/mth Commission is extra making this a very profitable business that holds an upward trajectory. Monthly rent - $5167.91 for 1110 square feet. Alcohol and Tobacco sales are included in the monthly average sales. This is a rare opportunity to own an established profitable business that has higher potential with introduction of Vapes and Cigars. Further potential for Fresh Sandwiches and or Hot food items for the multitude of students that pass by each and every day. (id:66096)
Property Details
- MLS®
- 40872034
- Property Type
- Business
- Basement
- None
- Listed
- 14 days ago
Market Timing
Active: 14 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 14 days, which is 39 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 (N2A)
This home lists at $125,000, about 1.3× the local median household income of $96,000.
Carrying it typically needs a household income of about $24,417 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $96,000
- Population
- 32,454
- Median age
- 39.2
- Owner / renter
- 71% / 29%
- Avg. household size
- 2.7
Source: Statistics Canada, 2021 Census (FSA N2A)
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$125,000
Kitchener