1A - 247 King Street
Waterloo, ON
1,357 sqft • Sale Of Business • 199 days on market
This is an exceptional opportunity to acquire a non-franchise food business in one of Waterloo's most sought-after, high-traffic locations. Situated directly across from Wilfrid Laurier University and within walking distance to the University of Waterloo and Conestoga College, the property benefits from constant exposure to over 50,000 full-time students. The business includes an LLBO licence (buyer to apply under their own concept), ample parking, and a favourable 4.5 year lease with an additional renewal option. Ideal for an owner-operator or new concept looking to capitalize on a proven location. Do not approach staff or customers.
Listing Details
- Listed
- February 8, 2026
Price History
Location & Legal
- Cross Street
- King St N / University Ave W
- Zoning
- C6
- Parcel Number
- 223620184
- Possession
- 30-59 days
Commercial
- Business Type
- Restaurant
- Occupancy
- Owner+Tenant
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
Commercial in Waterloo · last 12 months
- Median sold price
- $695,000
- Homes sold
- 1,033
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,033 recorded sales of commercial properties in Waterloo over the last 12 months.
Listed by
RE/MAX GOLD REALTY INC.
Location
Commercial figures
- Building area
- 1,357 sq ft
- Price per sq ft
- $36.85
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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