300B - 600 LAURELWOOD DRIVE, Waterloo

$249,000

For sale: Other

Other at 300B - 600 LAURELWOOD DRIVE, Waterloo
Property type
Sale Of Business
MLS®
MLS® X13684774

Sale of a successful BarBurrito franchise in a prime high-traffic plaza! Property boasts of a tastefully completed modern kitchen, stylish dining area, premium leasehold improvements with high open ceilings and abundant Natural Light. Plaza with ample parking & National tenants: Shoppers Drug Mart, Dollarama, Food basics, DQ, Subway, Kumon and many more. Across Laurel Heights High School enabling high lunch and evening traffic. Perfect for first-time business owners, families, new immigrants, or experienced investors seeking a reliable, cash-flow. Currently operated by trained staff, Absentee Owner, location has option to obtain LLBO lic. Lease Term 10-year + Two 5-year renewal options. Low Gross Rental: 3,696 per month approx. Franchise royalty fees 6% + 1.25% Marketing.

Sold data

Homes in Waterloo — recent sold market

Homes in Waterloo took a median of 20 days to sell over the last 90 days, with the quickest quarter selling within 11 days and the slowest quarter taking more than 41, across 304 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 31 days.

The median sale price was $674,950.

Homes sold for about 1.5% below asking on average, so there was room to negotiate.

About 34% of sales closed above the list price.

Around 15% of sellers reduced their price before finding a buyer.

Median days to sell
21
Median sale price
$674,950
Sale-to-list ratio
98.5%
Sold above asking
34%

Based on 304 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.