106B - 5 MANITOU DRIVE, Kitchener

$349,000

For sale: Other

Other at 106B - 5 MANITOU DRIVE, Kitchener
Property type
Sale Of Business
MLS®
MLS® X13670820

Excellent Business Opportunity! Presenting a highly lucrative and flourishing business for sale an established operation delivering impressive revenues and robust profit margins, with tremendous scope for continued expansion. Currently operating as a renowned Indian vegetarian food franchise, this venture also offers the flexibility to rebrand, making it a rare chance to acquire a proven, high-performing enterprise.The premises span 2,107 sq. ft., accommodating seating for 40+ guests, with a competitive lease of $7,500/month (inclusive of TMI, HST & water). A fully outfitted commercial kitchen boasts a 20 ft. hood, griddle, 8-burner stove, walk-in cooler (14x14), walk-in freezer (14x14), and an array of additional professional-grade equipment. The property further includes three washrooms (two guest and one staff).Strategically situated at the bustling intersection of Manitou Drive & Fairway Road South, Kitchener, with over 50,000 vehicles passing daily, this business enjoys unparalleled exposure. Nestled within a vibrant plaza featuring ample parking, strong foot traffic, and anchored by major retail brands, the location ensures consistent visibility and customer flow. Kindly refrain from speaking to the staff directly.

Sold data

Homes in Kitchener — recent sold market

Homes in Kitchener took a median of 22 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 38, across 504 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 36 days.

The median sale price was $649,000.

Homes sold for about 1.3% below asking on average, so there was room to negotiate.

About 37% of sales closed above the list price.

Around 17% of sellers reduced their price before finding a buyer.

Median days to sell
22
Median sale price
$649,000
Sale-to-list ratio
98.7%
Sold above asking
37%

Based on 504 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Kitchener

Kitchener has 66 Fraser Institute–rated schools (57 elementary and 9 secondary), averaging 5.8/10.

Rated schools
66
Elementary
57
Secondary
9
Average rating
5.8 / 10

Top-rated schools in Kitchener

  • David Saint-Jacques — secondaryFraser rating 8.4/10
  • St. Josephine Bakhita — elementaryFraser rating 7.9/10
  • J W Gerth — elementaryFraser rating 7.7/10
  • Pope John Paul II — elementaryFraser rating 7.6/10
  • St Teresa — elementaryFraser rating 7.6/10
  • Cameron Heights — secondaryFraser rating 7.5/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 106B - 5 MANITOU DRIVE