Salehian.com 647-325-5000

23 King Street N

Waterloo, N2J 2W6

$289,000

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Listed 12 days ago · MLS® X13873162

About this home

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.

Details

Type
Sale Of Business
Garage
Other
Municipality
Waterloo

Heating, cooling and services

Heating
Gas Forced Air Closed
Air conditioning
Yes
Utilities
Available

Building and exterior

Building area
2,500 Square Feet

More

Possession
Flexible
Cross street
Between Erb and Bridgeport on King st Uptown Waterloo
Business type
Restaurant

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Very walkable

  • 🚇 Waterloo Public Square LRT3 min walk
  • 🚇 Willis Way LRT6 min walk

Within a 10-minute walk: 5 grocery stores, 50 cafés and restaurants, 14 parks, 2 pharmacies. Nearest grocery: Your Independent Grocer (250 m). Nearest park: Carnegie Green (150 m).

Schools nearby

Elementary

  • Elizabeth Ziegler Public School
    EQAO: Gr 6 reading 93%, math 47%    14 min walk
  • Our Lady of Lourdes Catholic Elementary School Catholic
    EQAO: Gr 6 reading 83%, math 45%    16 min walk
  • École élémentaire L'Harmonie French
    EQAO: Gr 6 reading 90%, math 79%    1.4 km
  • Empire Public School
    EQAO: Gr 6 reading 87%, math 52%    1.5 km

Secondary

  • MacGregor Public School9 min walk
  • Kitchener–Waterloo Collegiate and Vocational School
    EQAO: Gr 9 math 73%, literacy test 88%    1.6 km
  • Waterloo Collegiate Institute
    EQAO: Gr 9 math 57%, literacy test 85%    1.6 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 N2J

Owners / renters
53% / 47%
Median household income
$74,500
Average age
42
Children under 15
12%
Homes
35% detached, 35% high-rise
Commute by transit
7%
Population
20,899

Languages spoken most at home besides English: Mandarin 1.8%, Arabic 1%, German 0.7%, Spanish 0.7%.

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: 3 km. Transit times · Driving times

Noise 1 source nearby

  • 🚆 Rail line (Waterloo Spur)150 m

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 REMAX YC REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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