Salehian.com 647-325-5000

585 Weber Street N

Waterloo, N2V 1V8

$449,000

Photo 1 of 5Photo 2 of 5Photo 3 of 5Photo 4 of 5Photo 5 of 5
  • 1 bathrooms

Listed 84 days ago · MLS® X13613914

About this home

Exceptional opportunity to own a high-volume convenience store in the thriving Waterloo Region. This well-established, non-franchise turnkey business has been successfully operated by the same owner for 29 years and offers approximately 2,135 sq. ft. of retail space with a monthly rent of $11,000.The business generates revenue through multiple income streams, including tobacco products, groceries, beer & wine, and lottery sales. It earns approximately $80,000 annually in OLG 649 lottery commission, while beer and wine sales exceed $150,000 annually and continue to grow. Strategically located in a busy commercial plaza beside Tim Hortons and RBC Bank, the store benefits from excellent visibility, strong foot traffic, and a loyal customer base. Significant growth potential exists through extended operating hours, expanding product offerings, and adding vape products (subject to applicable regulations). Chattels are included in the sale. A rare opportunity to acquire a profitable, long-established business with multiple income streams and exceptional future growth potential.

Details

Type
Commercial Retail
Lot
40 × 50 ft
Garage
Plaza
Municipality
Waterloo

Interior

Bathrooms
1 × bathroom

Heating, cooling and services

Heating
Electric Forced Air
Air conditioning
Yes
Utilities
Available

Building and exterior

Building area
2,000 Square Feet

More

Possession
FLEX
Cross street
Weber ST N
Business type
Retail Store Related

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Walkable

  • 🚇 Northfield LRT10 min walk
  • 🚇 Research and Technology LRT1.7 km

Within a 10-minute walk: 1 grocery store, 8 cafés and restaurants, 3 parks, 2 pharmacies. Nearest grocery: Sobeys (350 m). Nearest park: Lakeshore Optimist Park (400 m).

Schools nearby

Elementary

  • Sir Edgar Bauer Catholic Elementary School Catholic
    EQAO: Gr 6 reading 86%, math 60%    9 min walk
  • Cedarbrae Public School
    EQAO: Gr 6 reading 76%, math 14%    15 min walk
  • N.A. MacEachern Public School
    EQAO: Gr 6 reading 90%, math 55%    18 min walk
  • Northlake Woods Public School
    EQAO: Gr 6 reading 97%, math 78%    18 min walk

Secondary

  • St. David Catholic Secondary School Catholic
    EQAO: Gr 9 math 67%, literacy test 97%    2.1 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 N2V

Owners / renters
86% / 14%
Median household income
$126,000
Average age
38
Children under 15
20%
Homes
72% detached, 3% high-rise
Commute by transit
3%
Population
19,428

Languages spoken most at home besides English: Mandarin 8.1%, Arabic 1.9%, Korean 1.8%, Urdu 1.5%.

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: 7 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 LIVIO REAL ESTATE.

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

Similar homes nearby

See more in Waterloo