23 KING STREET N, Waterloo

$289,000

For sale: Other

Other at 23 KING STREET N, Waterloo
Property type
Sale Of Business
MLS®
MLS® X13873162

Turnkey restaurant opportunity in prime Uptown Waterloo on King Street! Recently renovated and thoughtfully designed, this beautifully finished space is fully equipped with a brand-new commercial kitchen, with all equipment fully owned and included. No rentals or additional equipment contracts to assume. A recently approved LLBO license allows for up to 72 seats, including a patio, offering excellent revenue potential and allowing for immediate operation. Currently operating as a well-known and profitable franchise, this opportunity offers the flexibility to continue the existing successful brand or seamlessly convert to your own unique restaurant concept. Excellent street exposure, strong foot traffic, and a warm, inviting interior make this an exceptional location for long-term success. Lease secured until November 30, 2030 with a 5-year renewal option. A rare opportunity to acquire a fully built-out, recently upgraded restaurant in one of Waterloo's most desirable and high-demand dining districts.

Sold data

Homes in Waterloo — recent sold market

Homes in Waterloo took a median of 21 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 41, across 244 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 34 days.

The median sale price was $686,000.

Homes sold for about 1.1% below asking on average, so there was room to negotiate.

About 36% of sales closed above the list price.

Around 14% of sellers reduced their price before finding a buyer.

Median days to sell
21
Median sale price
$686,000
Sale-to-list ratio
98.9%
Sold above asking
36%

Based on 244 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Waterloo

Waterloo has 31 Fraser Institute–rated schools (27 elementary and 4 secondary), averaging 6.8/10.

Rated schools
31
Elementary
27
Secondary
4
Average rating
6.8 / 10

Top-rated schools in Waterloo

  • Millen Woods — elementaryFraser rating 8.9/10
  • Sir John A Macdonald — secondaryFraser rating 8.7/10
  • Abraham Erb — elementaryFraser rating 8.6/10
  • Laurelwood — elementaryFraser rating 8.5/10
  • Vista Hills — elementaryFraser rating 8.5/10
  • Mary Johnston — elementaryFraser rating 8.3/10

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

Currently for sale

Homes for sale near 23 KING STREET N