$249,000
250 Phillip Street E, Waterloo, ON N2L 3E9
Listing courtesy of CENTERPOINT REALTY INC.
$255,000
1 months on market
Excellent opportunity to own a very well-constructed, fully equipped pizza business in the busy west side of Waterloo at 668 Erb Street W. Prime location near Ira Needles Blvd, Costco, Canadian Tire and major shopping, surrounded by established retailers, restaurants and growing residential neighbourhoods, providing strong daily traffic and excellent exposure. Approximately 1,172 sq. ft. with rent of $5,655 per month including TMI. Long-term lease in place with renewal option. The business has been built to a high standard and features top-of-the-line commercial equipment, including an XLT double-deck conveyor pizza oven, walk-in cooler, dough mixer, dough sheeter, pizza prep table, fryer, freezers, POS system, pizza warmer, commercial exhaust hood, fire suppression system and additional equipment and fixtures. Excellent opportunity for an owner-operator or experienced restaurateur. Full training will be provided. Plenty of customer parking and easy access. Buyer can put their own business name and operate under their own brand or concept, subject to landlord approval and permitted use. Business only for sale. Please do not go direct or speak with employees.
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced in line with comparable listings — about 52% of comparable business for sale listings in Waterloo are asking less.
Based on 23 comparable active business for sale listings in Waterloo. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $255,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of CENTURY 21 RIGHT TIME REAL ESTATE 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.
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