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For saleMLS® X13873162

23 King Street N, Waterloo, ON N2J 2W6

$289,000

$116 / sq ft

4 weeks on market

Total area
2,500 sf
0

What's special

  • Yes

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About this property

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.

Property details

Property

Property type
business
Interior size
2,500 sq ft
Zoning
N/A
Possession
Flexible

Interior

Heating
Gas Forced Air Closed
Cooling
Yes

Exterior & services

Garage
Other

Costs

List price
$289,000
Price per sq ft
$116

Listing

MLS® number
X13873162
Status
For sale
Listed
October 7, 2026
Days on market
28
Last updated
October 7, 2026
Listing brokerage
REMAX YC REALTY

Price & sale history

This property's sale history is hidden

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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 in line with comparable listings — about 61% of comparable business for sale listings in Waterloo are asking less.

$103KMedian $250K$499K
This home
$116 / sq ft
Comparable median
$123 / sq ft

Based on 23 comparable active business for sale listings in Waterloo. These are asking prices, not sale prices.

Mortgage estimate

Down payment5.0% · minimum $14,450
$14,450
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$1,518.03
Estimated monthly
$1,518

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
$2,810
Total due on closing
$2,810

An estimate on the asking price of $289,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of REMAX YC REALTY. 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.

$289,000

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