#21 170 UNIVERSITY Avenue, Waterloo - Business for Sale
#21 170 UNIVERSITY Avenue, Waterloo, Ontario, N2L3E9
Description
Take advantage of a rare opportunity to assume a fully equipped restaurant space in one of Waterloo’s busiest and most desirable commercial corridors. Located on University Ave W, just steps from Wilfrid Laurier University and the University of Waterloo, this location benefits from heavy foot traffic, a dense student population, nearby high-rise residences, and constant daily activity. Situated in a high-traffic plaza, the unit occupies one of the most prominent and visible locations within the property, offering excellent exposure and strong walk-in potential. With just under 1,000 sq. ft., the space is ideally sized for a wide range of quick-service restaurant concepts. Its efficient layout provides a favourable rent-to-value ratio, making it cost-effective without compromising visibility or impact. The restaurant is fully equipped and includes a 16-foot commercial exhaust hood capable of supporting a variety of food operations, along with a custom Neapolitan Italian-style oven suitable for high-temperature baking, artisan pizza, and other specialty cooking concepts. The existing equipment configuration, including the 16-foot exhaust hood and high-temperature oven, makes the space particularly well-suited for Middle Eastern or Turkish cuisine, while remaining flexible for a wide range of other concepts. Opportunities also exist to continue the existing concept or introduce an entirely different use. (id:66096)
Property Details
- MLS®
- 40826326
- Property Type
- Business
- Basement
- None
- Listed
- 187 days ago
Market Timing
Long Listed: 187 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 $299,000, about 4.3× the local median household income of $69,500.
Carrying it typically needs a household income of about $58,405 (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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$299,000
Waterloo