25 UNIVERSITY Avenue East, Waterloo - Business for Sale
25 UNIVERSITY Avenue East, Waterloo, Ontario, N2J2V9
This business in Waterloo is for sale. It has been on the market 4 days, fresher than the Waterloo average of 67 days.
Description
PROFITABLE AND WELL ESTABLISHED CANNBIS retail business in a highly visible and accessible UNIVERSITY AREA OF WATERLOO. Situated on a major corridor near University of Waterloo, Wilfred Laurier University and Conestoga college, this turnkey operation benefits from strong pedestrian and vehicle traffic, a growing customer base, and a strategic position within one of Waterloo's most active commercial districts. The business offers a modern retail environment, established supplier relationships, and a diverse selection of cannabis products and accessories. The area is surrounded by residential neighbourhoods, student housing, restaurants, and retail amenities, creating consistent year-round demand. Ideal opportunity for an owner-operator or investor looking to expand within Ontario's cannabis retail sector. Inventory extra. Purchaser must independently obtain all required approvals, permits, and licences to operate the business. Current lease is signed for 5 years, can be renewed for another 5 years term. Total area 1850 sq ft. Rent is $13500/MONTH including TMI and HST. (id:66096)
Property Details
- MLS®
- 40875405
- Property Type
- Business
- Basement
- None
- Listed
- 4 days ago
Market Timing
Just listed: 4 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 4 days, which is 63 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 $450,000, about 6.0× the local median household income of $74,500.
Carrying it typically needs a household income of about $87,901 (20% down, 25-yr amortization, stress-tested) — roughly 18% above 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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$450,000
Waterloo