Description

Opportunity to acquire Rose Cafe in downtown Kitchener! Located at 185 King Street East, this café offers a welcoming setting for coffee, pastries, and casual dining. An appealing opportunity for an owner-operator or entrepreneur looking to enter the local café market. Build on the existing concept or explore your own vision in a downtown location. (id:66096)

Property Details

MLS®: X14113166
Property Type: Retail
Zoning: retail /SGA-3 (2)
Interior Size: 1,102 ft²
Frontage: 1 ft
Building Area: 1,102 ft²
Heating: Forced air
Cooling: Fully air conditioned
Property Tax: $1/yr
Listed: 11 days ago

Market Timing

Days on market

11d

Kitchener listings, avg age

53d

Price / ft²

$68

List price

$75K

Homes here sell faster than most markets

Sold homes in this market spent an average of 31 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 100.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This retail in Kitchener has been listed for 11 days, which is 42 days fresher than the city average of 53. Act while there is still low competition.

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Area context

Neighbourhood profile (N2G)

This home lists at $75,000, about 1.2× the local median household income of $62,400.

Carrying it typically needs a household income of about $14,650 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $62,400
Population: 14,580
Median age: 38
Owner / renter: 31% / 69%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA N2G)

$75,000· $68/ft²

For sale

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Financing

Need a commercial mortgage?

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185 king Street East, Kitchener - Retail for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N2G)

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