170 University Avenue
Waterloo, ON
Sale Of Business • 119 days on market
Take advantage of a rare opportunity to assume a fully equipped restaurant space in one of Waterloo's busiest and most desirable commercial corridors. Located on University Ave W, just steps from Wilfrid Laurier University and the University of Waterloo, this location benefits from heavy foot traffic, a dense student population, nearby high-rise residences, and constant daily activity. Situated in a high-traffic plaza, the unit occupies one of the most prominent and visible locations within the property, offering excellent exposure and strong walk-in potential. With just under 1,000 sq. ft., the space is ideally sized for a wide range of quick-service restaurant concepts. Its efficient layout provides a favourable rent-to-value ratio, making it cost-effective without compromising visibility or impact. The restaurant is fully equipped and includes a 16-foot commercial exhaust hood capable of supporting a variety of food operations, along with a custom Neapolitan Italian-style oven suitable for high-temperature baking, artisan pizza, and other specialty cooking concepts. The existing equipment configuration, including the 16-foot exhaust hood and high-temperature oven, makes the space particularly well-suited for Middle Eastern or Turkish cuisine, while remaining flexible for a wide range of other concepts. Opportunities also exist to continue the existing concept or introduce an entirely different use.
Listing Details
- Listed
- May 1, 2026
Price History
Property
- Lot Size
- 20 x 20 Feet
Location & Legal
- Cross Street
- University / Phillip
- Zoning
- C1A-81
- Possession
- Flexible
Commercial
- Business Type
- Restaurant
- Occupancy
- Owner
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
RE/MAX TWIN CITY REALTY INC.
Location
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