$289,000
23 King Street N, Waterloo, ON N2J 2W6
Beds
Baths
Parking
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.

Property Summary

Property Type Commercial
Property Sub Type Sale Of Business
Transaction Type For Sale
Possession Flexible

Building

Building Type Sale Of Business
Square Footage 2500
Building Area Units Square Feet
Heating Gas Forced Air Closed
Cooling Yes

Measurements

Lot Size 0 x 0
Lot Size Units Feet
Frontage 0
Depth 0
Total Living Area 2500

Land

Address 23 King Street N, Waterloo, ON N2J 2W6
City Waterloo
County / Area Waterloo
Cross Street Between Erb and Bridgeport on King st Uptown Waterloo

Parking and Garage

Garage Type Other

Taxes and Listing Info

List Price $289,000
Annual Taxes $0
Tax Year 2025
Status Active
Listing Date 2026-05-26T22:09:06Z
Updated 2026-05-26T22:09:06Z
MLS Number X13177870
Local Market Insight

What Buyers Should Know About 23 King Street N, Waterloo, ON N2J 2W6

This editorial summary helps buyers look beyond the headline price and review the neighbourhood, transit, schools, rental demand, long-term value, and due-diligence items that often matter before booking a showing or submitting an offer.

Neighbourhood Analysis

23 King Street N, Waterloo, ON N2J 2W6 is positioned in Waterloo, a part of Waterloo where buyers should compare the street setting, nearby amenities, daily travel routes, and surrounding housing stock. For a Sale Of Business, the strongest fit often depends on whether the location supports everyday routine as well as the numbers on paper.

School And Family Considerations

Families reviewing this Sale Of Business should confirm school boundaries directly with the local school boards before relying on listing notes. It is also worth checking walkability to parks, childcare, recreation centres, libraries, and community facilities because these details can influence both lifestyle value and future resale demand.

Transit And Access

The location should be assessed around commute patterns, access to Between Erb and Bridgeport on King st Uptown Waterloo, public transit options, parking availability, and drive times to employment areas. A property with available parking and practical road access can appeal to buyers who need convenience without giving up neighbourhood quality.

Investment Potential

At $289,000, buyers should compare recent nearby sales, days on market, condition, lot utility, and the cost of future repairs or upgrades. The property shows available bedrooms, available bathrooms, basement details marked as to be confirmed, and a lot size of 0 x 0, all of which can affect value.

Rental Demand

If this property is being reviewed as a rental or investment, demand should be measured by bedroom count, transit access, employment access, nearby schools, parking, and the condition of the unit or home. In Waterloo, rental appeal usually improves when a property is easy to maintain and simple for tenants to live in.

Local Attractions And Amenities

Buyers should look at grocery access, restaurants, trails, parks, shopping, medical services, and weekend amenities around Waterloo. These features do not always appear in the MLS data, but they can make a major difference in how the home feels after move-in and how future buyers compare it.

Builder, Condition, And Due Diligence

For resale homes, review renovations, permits, roof and mechanical age, exterior condition, inclusions, and rental items. For condo or newer properties, review building history, maintenance fees, reserve fund information, rules, amenities, and future cost exposure. A showing and document review should confirm anything not visible in the listing.

Nearby Infrastructure

Infrastructure matters because transit improvements, road projects, schools, parks, commercial growth, and employment nodes can change how an area performs over time. For 23 King Street N, Waterloo, ON N2J 2W6, buyers should check municipal plans, nearby construction, zoning context, and future projects that may affect enjoyment or resale value.

This section is informational only. Buyers should verify schools, measurements, rental rules, taxes, zoning, and property condition with the appropriate professionals before making a decision.

Listing data is provided through PropTx/MLS data services and is deemed reliable but not guaranteed. Listings are subject to change without notice.