646 Erb St Street West, Waterloo - Business for Sale
646 Erb St Street West, Waterloo, Ontario, N2T0A8
This business in Waterloo is for sale offering roughly 1,426 sq ft of space. It has been on the market 41 days, fresher than the Waterloo average of 67 days.
Description
*****Ghost Kitchen Asset Sale & Lease Takeover***** Excellent opportunity to acquire a fully equipped restaurant through an asset sale in a busy commercial plaza in Waterloo. The premises are approximately 1,426 sq ft and feature a full commercial kitchen with hood ventilation, cooking equipment, refrigeration, prep stations and leasehold improvements already in place. Ideal for restaurant, takeout, ghost kitchen or delivery based food concepts. Located in a high traffic area with strong surrounding residential density and convenient access for customers and delivery services. Asset sale only. Real estate not included. Financial statements are not available as this is strictly an asset sale. Buyer to assume existing lease subject to landlord approval (id:66096)
Property Details
- MLS®
- X13822704
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- A
- Interior Size
- 1,426 ft²
- Lot Size
- 1,426 sq ft
- Frontage
- 70 m
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $23/yr
- Listed
- 41 days ago
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 41 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 41 days, which is 26 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 (N2T)
This home lists at $149,888, about 1.2× the local median household income of $127,000.
Carrying it typically needs a household income of about $29,278 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $127,000
- Population
- 20,634
- Median age
- 41.2
- Owner / renter
- 85% / 15%
- Avg. household size
- 2.9
Source: Statistics Canada, 2021 Census (FSA N2T)
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$149,888
Waterloo