We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estate sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!
23 KING STREET N, WATERLOO
2026-02-17
Quick Summary
- Location
- 23 KING STREET N, WATERLOO, Ontario N2J2W6
- Price
- $289,000
- Status:
- For Sale
- Property Type:
- Business
- Area:
- 2500 sqft
MLS®#X12793294
Property 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, 4-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:32467)
Property Features
Building
- Cooling Type: Fully air conditioned
- Fireplace: No
- Interior Size: 2500 sqft
- Utility Water: Municipal water
Zoning
- Description: N/A
Information entered by HOMELIFE FRONTIER REALTY INC.
Listing information last updated on: 2026-02-18 01:10:28
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
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We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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