23 King Street
Waterloo, ON
2,500 sqft • Sale Of Business • 89 days on market
Turnkey restaurant opportunity in prime Uptown Waterloo on King Street! Recently renovated and thoughtfully designed, this beautifully finished space is fully equipped with a brand-new commercial kitchen, with all equipment fully owned and included. No rentals or additional equipment contracts to assume. A recently approved LLBO license allows for up to 72 seats, including a patio, offering excellent revenue potential and allowing for immediate operation. Currently operating as a well-known and profitable franchise, this opportunity offers the flexibility to continue the existing successful brand or seamlessly convert to your own unique restaurant concept. Excellent street exposure, strong foot traffic, and a warm, inviting interior make this an exceptional location for long-term success. Lease secured until November 30, 2030 with a 5-year renewal option. A rare opportunity to acquire a fully built-out, recently upgraded restaurant in one of Waterloo's most desirable and high-demand dining districts.
Listing Details
- Listed
- May 26, 2026
Price History
Listing history
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Location & Legal
- Cross Street
- Between Erb and Bridgeport on King st Uptown Waterloo
- Zoning
- N/A
- Possession
- Flexible
Commercial
- Business Type
- Restaurant
- Occupancy
- 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
- 1,024
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,024 recorded sales of commercial properties in Waterloo over the last 12 months.
Listed by
REMAX YC REALTY
Location
Commercial figures
- Building area
- 2,500 sq ft
- Price per sq ft
- $115.60
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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