Description

Excellent opportunity to take over profitable and franchise bubble Tea Store in Kitchener's busiest Fairway plaza. Corner unit approx. 1400 sqft. for best exposure. Well known Gong Cha Franchise. Very Good Sales record, available from last 3years, all legitimate sales record. 3employees working in 2 shifts. open from 11am till 11pm. very busy shop, close to all big stores in store. After all expenses Owner take home good profit. Turn key operation. (id:66096)

Market Timing

Days on market

141d

Kitchener listings, avg age

53d

Price / ft²

$121

List price

$169K

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

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Area context

Neighbourhood profile (N2C)

This home lists at $169,000, about 2.4× the local median household income of $70,000.

Carrying it typically needs a household income of about $33,012 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $70,000
Population: 17,681
Median age: 36.8
Owner / renter: 33% / 67%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA N2C)

$169,000· $121/ft²

For sale

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Financing

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#B6 655 Fairway Road South, Kitchener - Retail for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (N2C)

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