#B9 668 West ERB Street, Waterloo - Business for Sale
#B9 668 West ERB Street, Waterloo, Ontario, N2T2Z7
This business in Waterloo is for sale. It has been on the market 36 days, fresher than the Waterloo average of 67 days.
Description
Excellent opportunity to own a very well-constructed, fully equipped pizza business in the busy west side of Waterloo at 668 Erb Street W. Prime location near Ira Needles Blvd, Costco and major shopping, surrounded by established retailers, restaurants and growing residential neighborhoods, providing strong daily traffic and excellent exposure. Approximately 1,172 sq. ft. with rent of $5,655 per month including TMI. Long-term lease in place with renewal option. The business has been built to a high standard and features top-of-the-line commercial equipment, including an XLT double-deck conveyor pizza oven, walk-in cooler, dough mixer, dough sheeter, pizza prep table, fryer, freezers, POS system, pizza warmer, commercial exhaust hood, fire suppression system and additional equipment and fixtures. Great opportunity for an owner-operator or experienced restaurateur looking to step into a turnkey operation without starting from scratch. Full training will be provided to the new owner. Plenty of customer parking and easy access. Business name can be changed, offering flexibility to bring your own brand or concept. Business only for sale. (id:66096)
Property Details
- MLS®
- 40868048
- Property Type
- Business
- Basement
- None
- Listed
- 36 days ago
Market Timing
Extended: 36 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 36 days, which is 31 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 $255,000, about 2.0× the local median household income of $127,000.
Carrying it typically needs a household income of about $49,810 (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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$255,000
Waterloo