#112 280 Lester Street, Waterloo - Business for Sale
#112 280 Lester Street, Waterloo, Ontario, N2L3M6
This business in Waterloo is for sale. It has been on the market 35 days, fresher than the Waterloo average of 67 days.
Description
PROFITABLE BUSINESS WITH LOW RENT, EXCELLENT LOCATION AND LOW OPERATING COST. Prime University-Area Restaurant Opportunity Established Charminar - The South Indian Taste Restaurant located at 280 Lester St, Waterloo is a highly rated spot known for authentic south Indian flavors with 4.7/5 stars rating and huge client . Rare opportunity to own a well-established Restaurant in one of Waterloo's highest-demand locations Perfectly positioned near the University of Waterloo and Wilfred Laurier University surrounded by dense student housing, young professionals, and family communities, this store benefits from constant foot traffic, strong walk-in business, and high-volume delivery sales . Bring your concept or continue the existing restaurant operation. Great opportunity in a high-demand Waterloo location with strong potential for dine-in, takeout, delivery and catering. Fully equipped and ready for operation. All showings by appointment only. (id:66096)
Property Details
- MLS®
- X13842052
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Nmu-8
- Heating
- Forced air
- Cooling
- Fully air conditioned
- Listed
- 35 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 35 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 35 days, which is 32 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 (N2L)
This home lists at $349,888, about 5.0× the local median household income of $69,500.
Carrying it typically needs a household income of about $68,345 (20% down, 25-yr amortization, stress-tested) — within reach of 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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$349,888
Waterloo