1 Queen Street
Kitchener, ON
2,965 sqft • Sale Of Business • 156 days on market
Exceptional turnkey restaurant opportunity available immediately in downtown Kitchener. This restaurant was fully built out in 2022 and comes fully equipped with modern, high-quality finishes and equipment throughout. True Fridges and Freezers, 55 inch TVs, 10 Tap Draught Tower, Sound System, Large Kitchen Exhaust Hood, Camera System, Banquettes, Tables, Chairs, Flat Tops, Fryers and so much more. The space features a transferable liquor license for 112 seats and a fantastic lease in place until June 2032, with two additional five-year renewal options. Offering a competitive rental rate of $8,600 per month inclusive of TMI, this is an ideal opportunity for established restaurant operators or brands seeking a high-traffic, high-visibility downtown location with a strong long-term lease and minimal setup time. This Sub-Lease is subject to approval by the Sub-Landlord and Head Landlord. Must be qualified operators. No coffee use permitted.
Listing Details
- Taxes (2026)
- $2,471
- Listed
- March 20, 2026
Price History
Listing history
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Location & Legal
- Cross Street
- Queen St N & King St W
- Zoning
- commercial
- Possession
- Immediate
Commercial
- Business Type
- Restaurant
- Occupancy
- Vacant
- Rental Term
- 72-312 months
Included
- Inclusions
- * As per List of Chattels & Equipment *
- Exclusions
- * As per List of Chattels & Equipment *
- Rental Items
- * As per List of Chattels & Equipment *
Community
Postal area N2H
- Population
- 22,456
- Private dwellings
- 11,453
- Median age
- 38.4
- Average household size
- 2.1
- Median household income
- $73,500
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 Kitchener · last 12 months
- Median sold price
- $665,000
- Homes sold
- 1,923
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,923 recorded sales of commercial properties in Kitchener over the last 12 months.
Listed by
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Location
Commercial figures
- Building area
- 2,965 sq ft
- Price per sq ft
- $50.25
- Annual property tax
- $2,471
- Tax per sq ft
- $0.83
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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