Share
$289,000
Ontario,Waterloo
For Sale Active
23 KING STREET N, Waterloo, Ontario N2J2W6
  • 2,500 Sqft
Contact Seller
Basic Details
Description

Positioned at the prime intersection of King St and Erb St – widely recognized as one of the most desirable commercial corridors in Waterloo – this is a truly turnkey restaurant opportunity ready for immediate operation. The space is fully equipped with brand-new commercial equipment, including a 10-foot hood, two deep fryers, 8-burner stove range, commercial coolers and freezers, 3-compartment

sink, stainless steel prep tables, and a professionally built above-ground grease trap. A recently approved LLBO license allows for up to 72 seats, including a patio, offering excellent revenue potential. The dining area is thoughtfully designed with a modern and refined aesthetic, and the business is already operating successfully. Currently home to a well-known and profitable franchise brand, the buyer has the flexibility to either take over the existing franchise and continue its proven model or introduce their own original concept in this high-demand location. The lease is highly attractive, with reasonable rent secured until November 30, 2030, plus a 5-year renewal option – providing long-term stability in one of Waterloo’s busiest and most sought-after areas. After touring other available restaurant listings in Waterloo, the value of this fully prepared and income-generating opportunity becomes clear. A rare chance to step into a thriving location with infrastructure, licensing, and momentum already in place – though it may not remain available for long. (id:62650)

Read More
Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: X12793294
  • Price: $289,000
  • Square Footage: 2,500 Sqft
  • Status: Active
  • Office Name: HOMELIFE FRONTIER REALTY INC.
  • Property Sub Type: Business
  • Office Key: 91221
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: Fully air conditioned
Address Map
  • Location: CA, Ontario, Waterloo, N2J2W6
  • Street: King
  • Street Number: 23
  • Street Suffix: Street
  • Longitude: W81° 28' 38''
  • Latitude: N43° 27' 56.5''
  • Street Dir Suffix: North
Additional Information
  • Water Source:
  • Business Type: Restaurant
Powered by REALTOR.ca
Listing updated: 2026-03-04 22:30:32
List Your Property
Mortgage Calculator
Get Pre-Approved
$
$
%
%
years
Monthly Payment (Est.) $
Listing Information
  • List Agent Key: 2067972
  • List Office Key: 91221
  • Modification Timestamp: 2026-02-19T01:31:11Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-02-19T01:10:31Z
Powered by REALTOR.ca
Listing updated: 2026-03-04 22:30:32
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By‐Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.

Website is operated by a brokerage or salesperson who is a member of The Canadian Real Estate Association.

The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non‐commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, “screen scraping”, “database scraping”, and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.

By continuing to use this website and its services, you agree to these

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract.

I acknowledge I can only access these forms as a ComFree customer under contract.

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with Zubic Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with Zubic Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

How It Works

1. Purchase Your Package

2. We Ship Your ‘For Sale’ Sign

3. Book Your VR Tour

4. Complete Listing Input Forms

5. We Make Your Listing Live

6. Get Support 7 Days a Week

7. iSOLD!