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For saleMLS® X13748884

140 University Avenue W 1B, Waterloo, ON N2L 6J3

$29,900

$20 / sq ft

2 months on market

Total area
1,461 sf
0

What's special

  • Plaza garage
  • Yes

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About this property

Established tea shop for sale, with lots of other potential uses to be converted. Located in one of the most busiest plaza in City of Waterloo: University Plaza. Right beside University of Waterloo and Wilfrid Laurier University. An excellent opportunity to acquire an established business in a highly desirable university-area location. Situated in an area with strong customer flow and significant pedestrian and vehicle traffic, the business benefits from a large and diverse customer base, including students, university staff, local residents, and surrounding businesses. The location provides excellent visibility and strong potential for continued growth, making it an attractive opportunity for an owner-operator or investor.

Property details

Property

Property type
retail
Interior size
1,461 sq ft
Zoning
commercial
Possession
Flexible

Interior

Heating
Gas Forced Air Closed
Cooling
Yes

Exterior & services

Garage
Plaza

Costs

List price
$29,900
Property taxes
$22 / year (2026)
Price per sq ft
$20

Listing

MLS® number
X13748884
Status
For sale
Listed
September 5, 2026
Days on market
61
Last updated
September 5, 2026
Listing brokerage
HOMELIFE LANDMARK REALTY INC.

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced below most comparable listings — about 0% of comparable retail listings in Waterloo are asking less.

$389KMedian $899K$5.00M
This home
$20 / sq ft
Comparable median
$524 / sq ft

Based on 10 comparable active retail listings in Waterloo. These are asking prices, not sale prices.

Mortgage estimate

Down payment5.0% · minimum $1,495
$1,495
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$157.06
Property tax (est.)
$1.83
Estimated monthly
$159

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$150
Total due on closing
$150

An estimate on the asking price of $29,900. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of HOMELIFE LANDMARK REALTY INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$29,900

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