646 Erb St Street
Waterloo, ON
- 1,426 sqft
- Sale Of Business
- 177 days on market
*****Ghost Kitchen Asset Sale & Lease Takeover***** Excellent opportunity to acquire a fully equipped restaurant through an asset sale in a busy commercial plaza in Waterloo. The premises are approximately 1,426 sq ft and feature a full commercial kitchen with hood ventilation, cooking equipment, refrigeration, prep stations and leasehold improvements already in place. Ideal for restaurant, takeout, ghost kitchen or delivery-based food concepts. Located in a high traffic area with strong surrounding residential density and convenient access for customers and delivery services. Asset sale only. Real estate not included. Financial statements are not available as this is strictly an asset sale. Buyer to assume existing lease subject to landlord approval.
Listing Details
- Taxes (2026)
- $23
- Listed
- March 10, 2026
Price History
Property
- Lot Size
- 70 x 57 Metres
Parking
- Garage
- Outside/Surface
Utilities
- Sewer
- Sanitary
Location & Legal
- Cross Street
- Erb St West & Erbaville Rd
- Zoning
- A
- Parcel Number
- 226843251
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Restaurant
- Office / Apartment Area
- 0 %
Included
- Inclusions
- All existing kitchen equipment and chattels used in the operation of the restaurant including commercial hood and ventilation system, cooking equipment, refrigeration units, prep tables, shelving, sinks, small wares, counters, and existing leasehold improvements currently located on the premises.
- Rental Items
- Diswasher & HVAC - rental agreement ot be assumed or transferred by Buyer.
Community
Postal area N2T
- Population
- 20,634
- Private dwellings
- 7,109
- Median age
- 41.2
- Average household size
- 2.9
- Median household income
- $127,000
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
- 1,042
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,042 recorded sales of commercial properties in Waterloo over the last 12 months.
Listed by
RE/MAX REALTY SERVICES INC.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 1,426 sq ft
- Price per sq ft
- $105.11
- Annual property tax
- $23
- Tax per sq ft
- $0.02
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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