144 Lake Street, St. Catharines (Downtown) - Business for Sale
144 Lake Street, St. Catharines (Downtown), Ontario, L2R5Y3
This business in St. Catharines is for sale. It has been on the market 26 days, fresher than the St. Catharines average of 72 days.
Description
OVER 30 YEARS IN BUSINESS WITH LOW MONTHLY RENT! Rare opportunity to own a well-established,turnkey LLBO-licensed restaurant, Maestro's Pizzeria, in the heart of St. Catharines! Locatedat 144 Lake Street, this popular pizza and sub restaurant offers excellent exposure on a busymain road, surrounded by established residential neighbourhoods and local businesses, withconvenient access to downtown, public transit and the QEW. Enjoy the added convenience ofon-site parking for owners and customers! Offering seating for 24 guests along with takeout anddelivery services, the restaurant features delicious family recipes, top-rated pizzas, subs andlighter menu options, supported by a loyal customer base and an impressive 4.4-star Googlerating with 415 reviews! The current owners have invested $16,000 in recent upgrades. Anattractive lease is in place with low monthly rent of $2,100 including HST. The seller iswilling to provide one month of training to ensure a smooth transition for the new owner. Listof chattels and equipment will be provided with an offer. Financial statements available uponsigning a Confidentiality Agreement. An excellent opportunity to step into an establishedrestaurant business in a desirable St. Catharines location! PLEASE DO NOT GO DIRECT OR SPEAK TOEMPLOYEES. (id:66096)
Property Details
- MLS®
- X13883618
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- M1
- Heating
- No heat
- Cooling
- None
- Listed
- 26 days ago
Market Timing
Extended: 26 days on market, against an average age of 72 days across the listings currently for sale in this city
This business in St. Catharines (Downtown) has been listed for 26 days, which is 46 days fresher than the city average of 72. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L2R)
This home lists at $249,000, about 4.1× the local median household income of $61,200.
Carrying it typically needs a household income of about $48,638 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $61,200
- Population
- 25,558
- Median age
- 40.4
- Owner / renter
- 50% / 50%
- Avg. household size
- 2.1
Source: Statistics Canada, 2021 Census (FSA L2R)
Book a showing
Pick a time that suits you. A verified local agent confirms within 24h.
Buying this business?
Acquisition financing works differently from a property mortgage. Tell our partner brokers at iShopRates what you are buying and they will come back with options.
Ask about acquisition financing →
$249,000
St. Catharines