347 Erb Street
Waterloo, ON
Sale Of Business • 301 days on market
Amazing Convenience Store Business For Sale with High Volume Sales. Higher than industry profit margins with no close competition. Located in a convenient plaza within minutes of the University of Waterloo. Large 3020 sq ft lease area. Average Monthly Revenue Without Lottery/Scratch Approx $85,000(Cig 40-45%, @ 16%Avg Mrgn). Lotto Comn $2400/Month, Other Income $1450/Mth, New Long Lease 5+5+5+5, Rent $9400/Mth Incl T&I.All Records Available For Verification Upon Acceptance of Conditional Offer. Store Hours M-Sat 7.30-9.30, Sun 8-8.Increased Beer and Wine Sales. New Freezer/Cooler (2024), New HVAC (2024)
Listing Details
- Taxes (2025)
- $2,023
- Listed
- October 30, 2025
Price History
Listing history
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Property
- Lot Size
- 250.9 x 195.41 Feet
Location & Legal
- Cross Street
- Erb St + Amos Ave
- Zoning
- Commercial
- Parcel Number
- 224000091
- Possession
- Other
Commercial
- Business Type
- Convenience/Variety
- Occupancy
- Owner
Included
- Inclusions
- All business details are provided by the seller.
Community
Postal area N2L
- Population
- 37,953
- Private dwellings
- 19,681
- Median age
- 29.8
- Average household size
- 2.2
- Median household income
- $69,500
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
Commercial in Waterloo · last 12 months
- Median sold price
- $692,500
- Homes sold
- 1,035
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,035 recorded sales of commercial properties in Waterloo over the last 12 months.
Listed by
ROYAL LEPAGE IGNITE REALTY
Location
Commercial figures
- Annual property tax
- $2,023
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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