255 KING STREET N, Waterloo
$149,000
For sale: Other
- Property type
- Sale Of Business
- Bedrooms / bathrooms
- 2 bathrooms
- MLS®
- MLS® X13206030
Turnkey Location for Quick Service Restaurant For Sale , Convert to your desire Brand- Prime University Area Location. Two Major Universities , University of Waterloo Laurier and Conestoga Campuses Excellent opportunity to own a well-established quick service restaurant located in one of the busiest food plazas near a major university. Surrounded by student housing, residential communities, retail stores, and commercial businesses, this high-traffic location offers outstanding visibility and consistent customer flow throughout the year. This fully equipped turnkey restaurant is ideal for owner-operators, investors, or entrepreneurs looking for a profitable food business opportunity in a thriving area. Commercial Hood and all other equipment are included. The business currently operates as a franchise; however, one of the biggest advantages is the flexibility to continue with the existing brand or convert the space into another food concept, subject to landlord approval. Rent is $5220 plus TMI with Long Lease Until 2034, Prime High-Traffic Location Near University. Busy Food Plaza With Strong Foot Traffic. Excellent Exposure & Visibility. Fully Equipped Commercial Kitchen. Dine-In, Takeout & Delivery Potential. Plenty Of Parking Available This location offers excellent growth potential with strong demand from students, local residents, office workers, and delivery platforms. A rare opportunity to secure a premium restaurant space in a highly desirable and rapidly growing area.
Sold data
Homes in Waterloo — recent sold market
Homes in Waterloo took a median of 22 days to sell over the last 90 days, with the quickest quarter selling within 12 days and the slowest quarter taking more than 44, across 285 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 36 days.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 $674,900.
Homes sold for about 1.9% below asking on average, so there was room to negotiate.
About 29% of sales closed above the list price.
Around 16% of sellers reduced their price before finding a buyer.
- Median days to sell
- 22
- Median sale price
- $674,900
- Sale-to-list ratio
- 98.1%
- Sold above asking
- 29%
Based on 285 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 255 KING STREET N
$140,000
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Other28 ERB STREET W, Waterloo
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Other2000 APPLEBY LINE, Uptown, Burlington