140 University Avenue W 1B
Waterloo, N2L 6J3
$29,900
Listed 44 days ago · MLS® X13748884
About this home
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.
Details
- Type
- Commercial Retail
- Garage
- Plaza
- Property tax
- $22 (2026)
- Municipality
- Waterloo
Heating, cooling and services
- Heating
- Gas Forced Air Closed
- Air conditioning
- Yes
- Utilities
- Yes
Building and exterior
- Building area
- 1,461 Square Feet
More
- Possession
- Flexible
- Cross street
- university & phillip
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
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The neighbourhood
Getting around Very walkable
- 🚇 Laurier - Waterloo Park LRT7 min walk
- 🚇 University of Waterloo LRT8 min walk
Within a 10-minute walk: 3 grocery stores, 109 cafés and restaurants, 8 parks, 3 pharmacies. Nearest grocery: Waterloo Central Supermarket (50 m). Nearest park: Sunview park (300 m).
Schools nearby
Elementary
- Winston Churchill Public School
EQAO: Gr 6 reading 88%, math 56%1.5 km - Our Lady of Lourdes Catholic Elementary School Catholic
EQAO: Gr 6 reading 83%, math 45%1.6 km - Keatsway Public School
EQAO: Gr 6 reading 84%, math 50%1.7 km - Empire Public School
EQAO: Gr 6 reading 87%, math 52%2.0 km
Secondary
- MacGregor Public School12 min walk
- Waterloo Collegiate Institute
EQAO: Gr 9 math 57%, literacy test 85%13 min walk - St. David Catholic Secondary School Catholic
EQAO: Gr 9 math 67%, literacy test 97%1.3 km
EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.
Closest schools, not school zones. Check which school serves this address with the school board before relying on it.
Who lives here postal area N2L
- Owners / renters
- 37% / 63%
- Median household income
- $69,500
- Average age
- 37
- Children under 15
- 11%
- Homes
- 29% detached, 40% high-rise
- Commute by transit
- 12%
- Population
- 37,953
Languages spoken most at home besides English: Mandarin 5.5%, Arabic 1.4%, Hindi 0.9%, Punjabi (Panjabi) 0.9%.
Safety
Crime Severity Index for Waterloo Region (Kitchener) police: 67 vs 57 for Ontario (2025).
Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.
Living here
Commute
To downtown Kitchener: 4 km. Transit times · Driving times
Noise Nothing major nearby
No highway within 500 m, rail line within 300 m, or airport flight path nearby.
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by HOMELIFE LANDMARK REALTY INC..
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.