Salehian.com 647-325-5000

280 Lester Street 112

Waterloo, N2L 3M6

$349,888

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Listed 20 days ago · MLS® X13842052

About this home

PROFITABLE BUSINESS WITH LOW RENT, EXCELLENT LOCATION AND LOW OPERATING COST. Prime University-Area Restaurant Opportunity Established Charminar - The South Indian Taste Restaurant located at 280 Lester St, Waterloo is a highly rated spot known for authentic south Indian flavors with 4.7/5 stars rating and huge client . Rare opportunity to own a well-established Restaurant in one of Waterloo's highest-demand locations Perfectly positioned near the University of Waterloo and Wilfred Laurier University surrounded by dense student housing, young professionals, and family communities, this store benefits from constant foot traffic, strong walk-in business, and high-volume delivery sales . Bring your concept or continue the existing restaurant operation. Great opportunity in a high-demand Waterloo location with strong potential for dine-in, takeout, delivery and catering. Fully equipped and ready for operation. All showings by appointment only.

Details

Type
Sale Of Business
Garage
None
Municipality
Waterloo

Heating, cooling and services

Heating
Electric Forced Air
Air conditioning
Yes

More

Possession
Flexible
Cross street
University Columbia St W & Lester St
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

  • 🚇 University of Waterloo LRT8 min walk
  • 🚇 Laurier - Waterloo Park LRT11 min walk

Within a 10-minute walk: 3 grocery stores, 105 cafés and restaurants, 8 parks, 3 pharmacies. Nearest grocery: Rong Natural Food Store (100 m). Nearest park: Sunview park (50 m).

Schools nearby

Elementary

  • Winston Churchill Public School
    EQAO: Gr 6 reading 88%, math 56%    1.2 km
  • Keatsway Public School
    EQAO: Gr 6 reading 84%, math 50%    1.9 km
  • Our Lady of Lourdes Catholic Elementary School Catholic
    EQAO: Gr 6 reading 83%, math 45%    1.9 km
  • Cedarbrae Public School
    EQAO: Gr 6 reading 76%, math 14%    2.0 km

Secondary

  • Waterloo Collegiate Institute
    EQAO: Gr 9 math 57%, literacy test 85%    10 min walk
  • MacGregor Public School15 min walk
  • St. David Catholic Secondary School Catholic
    EQAO: Gr 9 math 67%, literacy test 97%    17 min walk

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 EXECUTIVE REAL ESTATE SERVICES LTD..

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

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