Salehian.com 647-325-5000

347 Erb Street W 1

Waterloo, N2L 1W4

$529,900

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Listed 153 days ago · MLS® X13151388

About this home

Amazing Convenience Store Business For Sale with High Volume Sales. Higher than industry profit margins with no close competition. Located in convenient plaza within minutes of University of Waterloo. Large 3020 Sqft lease area. Average Monthly Revenue Approx $80,000. Lotto Comn $2400/Mth, Other Income $1450/Mth, New Long Lease 5+5+5+5, Rent $9400/Mth Incl T&I. All Records Available For Verification Upon Acceptance of Conditional Offer. Store Hours M-Sat7.30-9.30, Sun 8-8. Increased Beer and Wine Sales. New Freezer/Cooler (2024), New HVAC (2024).

Details

Type
Sale Of Business
Lot
250.9 × 195.41 ft
Garage
Plaza
Municipality
Waterloo

Heating, cooling and services

Heating
Gas Forced Air Closed
Air conditioning
Yes
Utilities
Available

More

Possession
TBA
Cross street
Erb St + Amos Ave
Business type
Convenience/Variety

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Walkable

  • 🚇 Laurier - Waterloo Park LRT1.8 km
  • 🚇 Willis Way LRT2.0 km

Within a 10-minute walk: 2 grocery stores, 5 cafés and restaurants, 3 parks, 1 pharmacy. Nearest grocery: Noor Food Market (50 m). Nearest park: Thorndale Park (700 m).

Schools nearby

Elementary

  • Keatsway Public School
    EQAO: Gr 6 reading 84%, math 50%    9 min walk
  • Empire Public School
    EQAO: Gr 6 reading 87%, math 52%    15 min walk
  • Holy Rosary Catholic Elementary School Catholic
    EQAO: Gr 6 reading 92%, math 58%    1.3 km
  • Our Lady of Lourdes Catholic Elementary School Catholic
    EQAO: Gr 6 reading 83%, math 45%    1.4 km

Secondary

  • Centennial Public School14 min walk
  • Resurrection Catholic Secondary School Catholic
    EQAO: Gr 9 math 57%, literacy test 90%    1.7 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 ROYAL LEPAGE IGNITE REALTY.

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

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