#19 160 UNIVERSITY Avenue West, Waterloo - Business for Sale
#19 160 UNIVERSITY Avenue West, Waterloo, Ontario, N2L3E9
This business in Waterloo is for sale. It has been on the market 2 days, fresher than the Waterloo average of 67 days.
Description
Located in the heartof the university of Waterloo Plaza, Xiang Man Lou offers a rare opportunity to own a well-established restaurant in a high-traffic area. 3,440 sq ft of spacious dining area, over 100 seats, strong and steady customer base, reliable and consistent income . The major renovations include a pwoer panel, HVAC, lighting, ceiling, tables, floor, kitchen equipment (hood fans, gas range, walk-in fridge,dishwasher, fridges, watersoftener), bathrooms and security cameras. Situated near a major university with a constant flow of students and locals, ithis restaurant is perfectly positioned for contunued success. Don't miss out on this turnkey investment opportunity in one of Waterloo's busiest commercial hubx! Contact us today for more details. (id:66096)
Property Details
- MLS®
- 40875601
- Property Type
- Business
- Basement
- None
- Listed
- 2 days ago
Market Timing
Just listed: 2 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 2 days, which is 65 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 $399,000, about 5.7× the local median household income of $69,500.
Carrying it typically needs a household income of about $77,939 (20% down, 25-yr amortization, stress-tested) — roughly 12% 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)
Book a showing
Pick a time that suits you. A verified local agent confirms within 24h.
Buying this business?
Acquisition financing works differently from a property mortgage. Tell our partner brokers at iShopRates what you are buying and they will come back with options.
Ask about acquisition financing →
$399,000
Waterloo