29 UNIVERSITY Avenue East, Waterloo - Business for Sale
29 UNIVERSITY Avenue East, Waterloo, Ontario, N2J2V9
Description
Exceptional opportunity to own a well-established vape shop in a prime high-traffic location on Waterloo’s busy Main Street. Situated at one of the city’s busiest intersections, this turnkey business offers outstanding visibility, steady customer flow, and excellent future growth potential. The fully equipped space includes display cases, shelving, fixtures, and a complete retail setup, making it ideal for an owner-operator or investor looking to step into a ready-to-run business. With several new multi-unit condominium developments underway nearby, the area is poised for significant population growth, creating even greater upside potential for future sales and profitability. The unit offers approximately 1,450 sq. ft. of retail space with a newly renewed lease term of 5 + 5 years, providing long-term stability. Current rent is $7,437/month. Don’t miss this rare chance to secure a thriving business in one of Waterloo’s most desirable and rapidly growing commercial locations! (id:66096)
Property Details
- MLS®
- 40836620
- Property Type
- Business
- Basement
- None
- Listed
- 154 days ago
Market Timing
Long Listed: 154 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.
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Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N2J)
This home lists at $99,000, about 1.3× the local median household income of $74,500.
Carrying it typically needs a household income of about $19,338 (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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$99,000
Waterloo