699 BELMONT AVENUE, Kitchener

$139,000

For sale: Other

Other at 699 BELMONT AVENUE, Kitchener
Property type
Sale Of Business
MLS®
MLS® X14028124

Excellent opportunity to own an established non-franchise shawarma/fast-food business with no franchise fees or royalty payments. Located in a busy plaza surrounded by residential apartments, this grab-and-go food business benefits from a strong local customer base and convenient access to nearby amenities. Approximately a 10-minute walk from local high schools and Grand River Hospital. The space offers flexibility to continue the existing shawarma operation or explore other fast-food concepts, including pizza, burgers, or other food-service uses, subject to applicable approvals. Unfinished basement provides additional storage space. Potential future residential and commercial development in the surrounding area may provide additional exposure and customer opportunities. Ideal opportunity for an owner-operator or investor looking to operate a food business in the established Belmont Village community. Non-franchise operation means no franchise restrictions or ongoing royalty payments.

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 471 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 36 days.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 $649,900.

Homes sold for about 1.2% below asking on average, so there was room to negotiate.

About 36% of sales closed above the list price.

Around 18% of sellers reduced their price before finding a buyer.

Median days to sell
21
Median sale price
$649,900
Sale-to-list ratio
98.8%
Sold above asking
36%

Based on 471 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 699 BELMONT AVENUE