29 UNIVERSITY Avenue
Waterloo, Ontario
Business
Exceptional opportunity to own a well-established vape shop in a prime high-traffic location on Waterloo’s busy Main Street. Situated at one of the city’s busiest intersections, this turnkey business offers outstanding visibility, steady customer flow, and excellent future growth potential. The fully equipped space includes display cases, shelving, fixtures, and a complete retail setup, making it ideal for an owner-operator or investor looking to step into a ready-to-run business. With several new multi-unit condominium developments underway nearby, the area is poised for significant population growth, creating even greater upside potential for future sales and profitability. The unit offers approximately 1,450 sq. ft. of retail space with a newly renewed lease term of 5 + 5 years, providing long-term stability. Current rent is $7,437/month. Don’t miss this rare chance to secure a thriving business in one of Waterloo’s most desirable and rapidly growing commercial locations!
Price History
Community
Postal area N2J
- Population
- 20,899
- Private dwellings
- 10,672
- Median age
- 36.8
- Average household size
- 2.2
- Median household income
- $74,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Business in Waterloo · last 12 months
- Median sold price
- $695,000
- Homes sold
- 1,031
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,031 recorded sales of business properties in Waterloo over the last 12 months.
Location
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