4 & 5 - 1077 WEBER STREET E, Kitchener

$149,900

For sale: Other

Other at 4 & 5 - 1077 WEBER STREET E, Kitchener
Property type
Sale Of Business
MLS®
MLS® X13749822

Excellent opportunity to acquire a fully renovated, turn-key restaurant with over $80,000 invested in recent renovations. This is not a franchise, offering complete flexibility to establish your own brand or concept. Suitable for a variety of food uses including pizza, shawarma, burgers, fried chicken, Indian cuisine, fast food, takeout, café, or a cloud kitchen (subject to landlord approval and applicable regulations).The premises feature a fully equipped commercial kitchen with a commercial exhaust hood, prep area, storage space, and approx 40 seating. Ideal for owner-operators, franchisees, or investors seeking a ready-to-operate food business with minimal start-up costs.Current base rent is only $2,962/month until March 2028, plus TMI of $1,145/month (plus applicable HST). The landlord is willing to offer a new 5-year lease with an additional 5-year renewal option, subject to the landlord's approval of the new tenant. A true plug-and-play opportunity to start operating immediately.

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 495 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 37 days.

The median sale price was $649,000.

Homes sold for about 1.4% 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
98.6%
Sold above asking
37%

Based on 495 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 4 & 5 - 1077 WEBER STREET E