Overview

This retail property in Waterloo is for sale offering roughly 1,461 sq ft of space. It has been on the market 60 days, fresher than the Waterloo average of 67 days.

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Description

Established tea shop for sale, with lots of other potential uses to be converted. Located in one of the most busiest plaza in City of Waterloo: University Plaza. Right beside University of Waterloo and Wilfrid Laurier University. An excellent opportunity to acquire an established business in a highly desirable university-area location. Situated in an area with strong customer flow and significant pedestrian and vehicle traffic, the business benefits from a large and diverse customer base, including students, university staff, local residents, and surrounding businesses. The location provides excellent visibility and strong potential for continued growth, making it an attractive opportunity for an owner-operator or investor. (id:66096)

Property Details

MLS®: X13748884
Property Type: Retail
Zoning: commercial
Interior Size: 1,461 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $22/yr
Listed: 60 days ago

Market Timing

Days on market

60d

Waterloo listings, avg age

67d

Price / ft²

$20

List price

$30K

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.

Haho

This retail in Waterloo has been listed for 60 days, which is 7 days fresher than the city average of 67. Act while there is still low competition.

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Area context

Neighbourhood profile (N2L)

This home lists at $29,900, about 0.4× the local median household income of $69,500.

Carrying it typically needs a household income of about $5,841 (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)

$29,900· $20/ft²

For sale

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Financing

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#1B 140 University Avenue West, Waterloo - Retail for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N2L)

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