UNIT# 2 - 499 LANCASTER STREET W, Kitchener

$249,000

For sale: Other

Other at UNIT# 2 - 499 LANCASTER STREET W, Kitchener
Property type
Sale Of Business
MLS®
MLS® X13660792

WELL-ESTABLISHED CONVENIENCE STORE + FLOWER SHOP - EXCELLENT BUSINESS OPPORTUNITY! Be Your Own Boss with this Unique & Excellent opportunity to own a nicely set-up, comfortable, and easy-to-operate business generating approximately $525,000 in annual sales, with a highly diversified revenue mix of approximately 40% flowers, 20% cigarettes, 20% liquor, and 20% grocery. The strong 40% flower sales component provides an attractive higher-margin revenue stream, supported by an established online ordering and delivery system and no direct competition. Cigarette sales represent only approximately 20% of total sales, reducing reliance on tobacco revenue. Lotto Commission $1700/Month, Other Income $350-$400/Month. The business offers steady sales and income, affordable rent of approximately $3,273/month including TMI & HST, and a 2-year lease plus 5-year option. Ideal for a couple or owner-operator, with full training provided by the seller for a smooth transition. Inventory is extra. Seller's Discretionary Income $13000/Month.

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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 36 days.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 UNIT# 2 - 499 LANCASTER STREET W