23 King Street North, Waterloo - Business for Sale
23 King Street North, Waterloo, Ontario, N2J2W6
This business in Waterloo is for sale offering roughly 2,500 sq ft of space. It has been on the market 28 days, fresher than the Waterloo average of 67 days.
Description
Turnkey restaurant opportunity in prime Uptown Waterloo on King Street! Recently renovated and thoughtfully designed, this beautifully finished space is fully equipped with a brand-new commercial kitchen, with all equipment fully owned and included. No rentals or additional equipment contracts to assume. A recently approved LLBO license allows for up to 72 seats, including a patio, offering excellent revenue potential and allowing for immediate operation. Currently operating as a well-known and profitable franchise, this opportunity offers the flexibility to continue the existing successful brand or seamlessly convert to your own unique restaurant concept. Excellent street exposure, strong foot traffic, and a warm, inviting interior make this an exceptional location for long-term success. Lease secured until November 30, 2030 with a 5-year renewal option. A rare opportunity to acquire a fully built-out, recently upgraded restaurant in one of Waterloo's most desirable and high-demand dining districts. (id:66096)
Property Details
- MLS®
- X13873162
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- N/A
- Interior Size
- 2,500 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Garage
- Other
- Listed
- 28 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 28 days on market, against an average age of 67 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 35 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 98.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in Waterloo has been listed for 28 days, which is 39 days fresher than the city average of 67. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N2J)
This home lists at $289,000, about 3.9× the local median household income of $74,500.
Carrying it typically needs a household income of about $56,452 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $74,500
- Population
- 20,899
- Median age
- 36.8
- Owner / renter
- 53% / 47%
- Avg. household size
- 2.2
Source: Statistics Canada, 2021 Census (FSA N2J)
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$289,000
Waterloo