589 FAIRWAY ROAD S, Kitchener

$159,900

For sale: Other

Other at 589 FAIRWAY ROAD S, Kitchener
Property type
Sale Of Business
MLS®
MLS® X13656830

Excellent opportunity to acquire a well-established Pita Pit located in a high-traffic retail corridor in Kitchener. Operating successfully at the same location for several years, this turnkey quick-service restaurant benefits from strong brand recognition, loyal repeat clientele, and consistent foot traffic.Strategically positioned near Fairview Park Mall and Fairway Station with convenient access to Highway 8. Surrounded by major national retailers including Food Basics, Marshalls/HomeSense, Starbucks, GoodLife Fitness, and Popeye's Supplements, driving strong daily customer flow.Fully equipped and operating within an established franchise system, this is an ideal opportunity for owner-operators or investors seeking a proven business in a prime commercial location. Seating capacity for approximately 22 patrons.Please do not go direct or speak to staff.Total monthly rent inclusive of TMI and HST: $8,662.85Approx. 1,700 sq ft.

Sold data

Homes in Kitchener — recent sold market

Homes in Kitchener took a median of 21 days to sell over the last 90 days, with the quickest quarter selling within 12 days and the slowest quarter taking more than 38, across 447 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 36 days.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 $640,000.

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

About 36% of sales closed above the list price.

Around 19% of sellers reduced their price before finding a buyer.

Median days to sell
21
Median sale price
$640,000
Sale-to-list ratio
98.7%
Sold above asking
36%

Based on 447 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 589 FAIRWAY ROAD S