#1 347 Erb Street, Waterloo - Business for Sale
#1 347 Erb Street, Waterloo, Ontario, N2L1W4
Description
Amazing Convenience Store Business For Sale with High Volume Sales. Higher than industry profit margins with no close competition. Located in convenient plaza within minutes of University of Waterloo. Large3020 Sqft lease area. Average Monthly Revenue Without Lottery/Scratch Approx $85,000(Cig 40-45%, @ 16%Avg Mrgn). Lotto Comn $2400/Mth, Other Income $1450/Mth, New Long Lease 5+5+5+5, Rent $9400/Mth Incl T&I. All Records Available For Verification Upon Acceptance of Conditional Offer. Store Hours M-Sat7.30-9.30, Sun 8-8. Increased Beer and Wine Sales. New Freezer/Cooler (2024), New HVAC (2024). (id:66096)
Property Details
- MLS®
- X13151388
- Property Type
- Business
- Business Type
- Retail and Wholesale
- Zoning
- Commercial
- Lot Size
- 251 × 195 ft (1.12 acres)
- Frontage
- 250 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 168 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 168 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 (N2L)
This home lists at $529,900, about 7.6× the local median household income of $69,500.
Carrying it typically needs a household income of about $103,508 (20% down, 25-yr amortization, stress-tested) — roughly 49% above the area median.
- Median household income
- $69,500
- Population
- 37,953
- Median age
- 29.8
- Owner / renter
- 37% / 63%
- Avg. household size
- 2.2
Source: Statistics Canada, 2021 Census (FSA N2L)
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$529,900
Waterloo