308 King Street
Waterloo, ON
1 bath • 1,073 sqft • Sale Of Business • 267 days on market
GC Burger franchise location in the heart of the University District in Kitchener-Waterloo.Situated at the base of 308 King, a newly built condo tower dedicated to student accommodation,this is a prime location for high foot traffic and visibility. The unit features 1,073 sq ft with a modern QSR layout, seating for 16 inside, plus a patio with additional seating. Equipped with a massive 16-ft commercial hood, two walk-in fridges, and a full line of new equipment-this turnkey setup is ideal for efficient operations. Attractive lease rate of $5,487 gross rent including TMI with 4 + 5 years remaining. Full training to be provided pending franchisor approval, with royalties set at 6% + 2.5%. Please do not go direct or speak to staff.
Listing Details
- Originally Listed
- $349,000
- Listed
- December 4, 2025
Price History
Listing history
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Property
- Lot Size
- 188.63 x 250.39 Feet
Utilities
- Sewer
- Sanitary Available
Location & Legal
- Cross Street
- Hickory St E & King St N
- Zoning
- Business Commercial
- Possession
- Flexible
Commercial
- Business Type
- Fast Food/Takeout
- Occupancy
- Tenant
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
- $691,750
- Homes sold
- 1,046
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,046 recorded sales of commercial properties in Waterloo over the last 12 months.
Listed by
ROYAL LEPAGE SIGNATURE REALTY
Location
Street View
Commercial figures
- Building area
- 1,073 sq ft
- Price per sq ft
- $138.86
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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