170 University Avenue, Waterloo, ON N2L 3E9
Waterloo · Near University / Phillip · View map
About this home
Take advantage of a rare opportunity to assume a fully equipped restaurant space in one of Waterloo's busiest and most desirable commercial corridors. Located on University Ave W, just steps from Wilfrid Laurier University and the University of Waterloo, this location benefits from heavy foot traffic, a dense student population, nearby high-rise residences, and constant daily activity. Situated in a high-traffic plaza, the unit occupies one of the most prominent and visible locations within the property, offering excellent exposure and strong walk-in potential. With just under 1,000 sq. ft., the space is ideally sized for a wide range of quick-service restaurant concepts. Its efficient layout provides a favourable rent-to-value ratio, making it cost-effective without compromising visibility or impact. The restaurant is fully equipped and includes a 16-foot commercial exhaust hood capable of supporting a variety of food operations, along with a custom Neapolitan Italian-style oven suitable for high-temperature baking, artisan pizza, and other specialty cooking concepts. The existing equipment configuration, including the 16-foot exhaust hood and high-temperature oven, makes the space particularly well-suited for Middle Eastern or Turkish cuisine, while remaining flexible for a wide range of other concepts. Opportunities also exist to continue the existing concept or introduce an entirely different use.
The home
- Type
- Sale of business
- Lot size
- 20 x 20 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Air conditioning
- Yes
Garage & parking
- Total parking
- None
Taxes & other
- Tax year
- 2026
- Occupancy
- Owner
- Possession
- Flexible
- Cross street
- University / Phillip
More
- MLS® number
- X13071886
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
170 University Avenue, Waterloo, ON N2L 3E9
Waterloo · Near University / Phillip
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Listing history for 170 University Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 170 University Avenue
Answers come straight from this home’s MLS® listing.
How much is 170 University Avenue listed for, and what would it cost each month?
170 University Avenue is listed for $299,000. With 20% down ($59,800), the mortgage payment would be roughly $1,206 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $1,393 a month, all in. That figure is an illustration, not a quote.
Is 170 University Avenue freehold or a condo, and is there a monthly fee?
170 University Avenue is a sale of business in Waterloo. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 170 University Avenue have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
What style of home is 170 University Avenue?
170 University Avenue is a sale of business. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 170 University Avenue, and what is the lot size?
The lot is listed as 20 x 20 ft.
How is 170 University Avenue heated and cooled?
Cooling is yes.
Where is 170 University Avenue?
170 University Avenue is in Waterloo. The nearest main intersection is University / Phillip. The postal code is N2L 3E9.
Is 170 University Avenue still for sale?
Yes. It is an active listing (MLS® X13071886). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 170 University Avenue asking?
Similar properties for sale nearby right now include J202 - 155 Frobisher Drive at $300,000, 23 King Street N at $289,000 and 1 - 4 Bast Place at $325,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 170 University Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 170 University Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
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Courtesy of: RE/MAX TWIN CITY REALTY INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.