255 King Street N, Waterloo, ON N2J 4V2
Waterloo · Near University Ave and King Street North · View map
About this home
Turnkey Location for Quick Service Restaurant For Sale , Convert to your desire Brand- Prime University Area Location. Two Major Universities , University of Waterloo Laurier and Conestoga Campuses Excellent opportunity to own a well-established quick service restaurant located in one of the busiest food plazas near a major university. Surrounded by student housing, residential communities, retail stores, and commercial businesses, this high-traffic location offers outstanding visibility and consistent customer flow throughout the year. This fully equipped turnkey restaurant is ideal for owner-operators, investors, or entrepreneurs looking for a profitable food business opportunity in a thriving area. Commercial Hood and all other equipment are included. The business currently operates as a franchise; however, one of the biggest advantages is the flexibility to continue with the existing brand or convert the space into another food concept, subject to landlord approval. Rent is $5220 plus TMI with Long Lease Until 2034, Prime High-Traffic Location Near University. Busy Food Plaza With Strong Foot Traffic. Excellent Exposure & Visibility. Fully Equipped Commercial Kitchen. Dine-In, Takeout & Delivery Potential. Plenty Of Parking Available This location offers excellent growth potential with strong demand from students, local residents, office workers, and delivery platforms. A rare opportunity to secure a premium restaurant space in a highly desirable and rapidly growing area.
The home
- Type
- Sale of business
- Square footage
- 1087 sq ft
- Bathrooms
- 2
- Lot size
- 16 x 50 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Yes
Heating & cooling
- Heating type
- Gas Forced Air Open
- Air conditioning
- Yes
Garage & parking
- Total parking
- None
Taxes & other
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Immediate
- Cross street
- University Ave and King Street North
More
- MLS® number
- X13206030
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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.
255 King Street, Waterloo, ON N2J 4V2
Waterloo · Near University Ave and King Street North
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Listing history for 255 King Street
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 255 King Street N
Answers come straight from this home’s MLS® listing.
How much is 255 King Street N listed for, and what would it cost each month?
255 King Street N is listed for $149,000. With 20% down ($29,800), the mortgage payment would be roughly $601 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $694 a month, all in. That figure is an illustration, not a quote.
Is 255 King Street N freehold or a condo, and is there a monthly fee?
255 King Street N 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 255 King Street N 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 255 King Street N?
255 King Street N is a sale of business. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 255 King Street N, and what is the lot size?
The lot is listed as 16 x 50 ft.
How is 255 King Street N heated and cooled?
Heating is gas forced air open. Cooling is yes.
Where is 255 King Street N?
255 King Street N is in Waterloo. The nearest main intersection is University Ave and King Street North. The postal code is N2J 4V2.
Is 255 King Street N still for sale?
Yes. It is an active listing (MLS® X13206030). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 255 King Street N asking?
Similar properties for sale nearby right now include 12 - 255 King Street N at $119,000, 646 Erb St Street W at $149,888 and 3 - 450 Columbia Street West Street W at $169,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 255 King Street 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 255 King Street N?
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.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Waterloo, picked by style, size and price.
Sale of business$119,00012 - 255 King Street N, Waterloo1 bathCourtesy of: RE/MAX ULTIMATE REALTY INC.View home →
Sale of business$149,888646 Erb St Street W, WaterlooCourtesy of: RE/MAX REALTY SERVICES INC.View home →
Sale of business$169,0003 - 450 Columbia Street West Street W, WaterlooCourtesy of: RE/MAX TWIN CITY REALTY INC.View home →Courtesy of: HOMELIFE/MIRACLE REALTY LTD
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.