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For saleMLS® X14104638

250 Phillip Street E, Waterloo, ON N2L 3E9

$249,000

$163 / sq ft

2 weeks on market

Bathrooms
2
Total area
1,528 sf
Lot
191.33 × 0 ft

What's special

  • Plaza garage
  • Yes

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About this property

Restaurant For Sale In The Heart Of Waterloo's University District, Within Walking Distance To The University Of Waterloo And Conveniently Located On The Ground Floor Of A Residential Condo Building. Surrounded By High-Density Student Housing And Residential Communities, The Location Benefits From Strong Foot Traffic And Excellent Accessibility. The Restaurant Features Modern Renovations, A Fully Equipped Kitchen, And An LLBO License For 36 Seats. The New Owner Can Continue The Existing Restaurant Operation Or Easily Convert The Space To Other Restaurant Concepts Or Cuisine Types. An Excellent Turn-Key Opportunity In One Of Waterloo's Most Vibrant Student And Residential Areas.

Property details

Property

Property type
business
Bathrooms
2
Interior size
1,528 sq ft
Zoning
Commercial
Possession
TBA

Interior

Heating
Gas Forced Air Closed
Cooling
Yes

Exterior & services

Garage
Plaza

Costs

List price
$249,000
Price per sq ft
$163

Listing

MLS® number
X14104638
Status
For sale
Listed
October 21, 2026
Days on market
14
Last updated
October 21, 2026
Listing brokerage
CENTERPOINT 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 in line with comparable listings — about 43% of comparable business for sale listings in Waterloo are asking less.

$103KMedian $255K$499K
This home
$163 / sq ft
Comparable median
$117 / 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 $12,450
$12,450
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$1,307.93
Estimated monthly
$1,308

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
$2,215
Total due on closing
$2,215

An estimate on the asking price of $249,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of CENTERPOINT 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.

$249,000

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