Waterloo Real Estate | Waterloo Commercial Properties for Sale

Exceptional opportunity to acquire Agha Restaurant in Waterloo, a spacious and fully established restaurant offering approximately 6,600 sq. ft. of interior space, plus an impressive 850 sq. ft. patio. The restaurant provides a large seating capacity of approximately 286 guests, including 245 indoor seats and 40 patio seats. All Kitchen equipment's are included. The generous layout and substantial seating capacity make this an excellent opportunity for an experienced restaurateur or investor looking for a sizeable, established operation. The space offers flexibility to continue the existing concept or introduce a new restaurant concept, subject to required approvals. Excellent potential for dine-in, private events, catering, takeout and delivery.

50 WESTMOUNT Road N Unit Unit #D4-D5, Waterloo

$29,900

X13748884 MLS

Established tea shop for sale, with lots of other potential uses to be converted. Located in one of the most busiest plaza in City of Waterloo: University Plaza. Right beside University of Waterloo and Wilfrid Laurier University. An excellent opportunity to acquire an established business in a highly desirable university-area location. Situated in an area with strong customer flow and significant pedestrian and vehicle traffic, the business benefits from a large and diverse customer base, including students, university staff, local residents, and surrounding businesses. The location provides excellent visibility and strong potential for continued growth, making it an attractive opportunity for an owner-operator or investor.

140 University Avenue W Unit 1B, Waterloo

$325,000

X13718780 MLS

Turn-Key Kitchen Refinishing Business - Four Protected Territories in Ontario's Tri-CitiesOwn a fully-equipped, established N-Hance Wood Renewal franchise anchored in one of Ontario's strongest home-improvement corridors - Waterloo, Kitchener, Cambridge and Guelph, a cohesive cluster of roughly 749,000 people. This is a genuine turn-key operation: a purpose-built ~4,200 sq ft production shop outfitted with a professional spray booth, Guffey track drying systems, LightSpeed UV curing and a three-van fleet, backed by a documented asset base and a 1,000+ customer database. Refinishing and refacing kitchen cabinets with proprietary, franchise-exclusive products, the business delivers the "refresh-over-replace" value that middle-market homeowners are actively seeking - with over 40% planning a kitchen update within two years. The opportunity is built to hand over cleanly. Four exclusive, protected territories run from a single base; core staff are in place and keen to stay; and the seller - an N-Hance corporate trainer - provides best-in-network onboarding and a structured transition, with franchisor approval already confirmed for a qualified buyer. A verified $300,000 commercial refinishing contract is already underway, providing an immediate, contracted runway from day one. With demonstrated revenue capacity to $736K and clear levers for growth - added crew capacity, deeper commercial channels, and re-activation of the full four-territory footprint - this is a rare chance to step into a branded, systemized business with the brand, the book, and the momentum already in place.

4 Bast Place Unit 1, Waterloo

$2,100,000

X13707380 MLS

Turnkey multi-residential investment - six fully leased two-storey brick townhouse units in a row, generating income from day one. Works out to only $350,000 per unit, this is an exceptional entry point into one of Ontario's strongest rental markets. Each unit features two bedrooms, a full washroom, and a rec room in the basement. Situated on a large 0.4-acre lot with 9 rear parking spaces, backing onto greenspace in a quiet, family-oriented neighbourhood minutes from the University of Waterloo and Wilfrid Laurier University - ensuring consistently strong rental demand. Excellent long-term mature tenants in place. Significant future development potential on this large lot!

564 Brookhaven Crescent, Waterloo

$300,000

X13693336 MLS

1205 sq foot office style condo. Great set up for services based business, commercial, instructional, office, too many uses to list. Unit currently has 1 separate office space, kitchen area, private washroom. Move in ready with open space and plenty of windows! Sale of building only. No business.

155 Frobisher Drive Unit J202, Waterloo

$1,895,000

X13689526 MLS

A landmark property. A beautifully reimagined home. An extraordinary space to gather, create, and thrive. Located in the heart of Conestogo, 1883 Sawmill Road has served the community for generations, evolving from the historic Landmark Inn to the beloved Adam's Steak House and, most recently, a thriving wellness and professional studio destination. Today, it offers a unique combination of heritage character, modern living, and exceptional flexibility. The residence features four bedrooms, two-and-a-half bathrooms, a chef-inspired kitchen, and thoughtfully-updated living spaces that blend original architectural details with contemporary comfort. Large windows, exposed brick, and views of the surrounding trees and river valley create a warm and inviting atmosphere throughout. Even more impressive is the dedicated studio space. With soaring vaulted ceilings, exposed heritage trusses, and a dramatic wall of windows overlooking the valley, it provides an inspiring setting for wellness, fitness, creative, educational, professional, or event-based uses. Separate entrances and established mixed-use functionality create opportunities for entrepreneurs, practitioners, and those seeking a truly integrated live-work lifestyle. Outside, over 1,700 square feet of outdoor living space includes multiple decks, a Scandinavian sauna, hot tub, cold plunge, and fire pit, all surrounded by mature trees and exceptional privacy. The property's strategic location offers a rare combination of village charm, natural beauty, and convenient access to Kitchener-Waterloo, St. Jacobs, Elora, and the many amenities of the surrounding region. With dual street frontage and potential for a future accessory dwelling, garage, or carriage house, this property offers a rare opportunity to own a piece of local history while creating something uniquely your own.

1883 Sawmill Road, Waterloo

$249,000

X13684774 MLS

Sale of a successful BarBurrito franchise in a prime high-traffic plaza! Property boasts of a tastefully completed modern kitchen, stylish dining area, premium leasehold improvements with high open ceilings and abundant Natural Light. Plaza with ample parking & National tenants: Shoppers Drug Mart, Dollarama, Food basics, DQ, Subway, Kumon and many more. Across Laurel Heights High School enabling high lunch and evening traffic. Perfect for first-time business owners, families, new immigrants, or experienced investors seeking a reliable, cash-flow. To increase revenue, buyer can also get a halal certification done for the store.Currently operated by trained staff, Absentee Owner, location has option to obtain LLBO lic. Lease Term 10-year + Two 5-year renewal options. Low Gross Rental: 3,696 per month approx. Franchise royalty fees 6% + 1.25% Marketing.

600 Laurelwood Drive Unit 300B, Waterloo

$111,111

X13672784 MLS

Prime Plaza Location! A fantastic opportunity to take over a well-established barber shop in a busy, high-traffic plaza, complete with a loyal fixed clientele, outstanding Google reviews, affordable rent base rent of approximately $3900, and an attractive, flexible lease term - this turnkey business is fully equipped and ready for a smooth transition, making it ideal for an experienced barber or investor looking for a proven business with minimal startup risk.

209 Lexington Road Unit 6, Waterloo

$399,888

X13667802 MLS

Prime Retail opportunity as an investor on this tenanted space located in the bustling student area covering University of Waterloo & WilfredLaurier University campus. unit currently leased to tenants until May 3031 at $2721.60 per month which is a great opportunity. Units offers466.16 SF located in the heart of the University District in the newly built SAGE Platinum II Building. Buyer to assume tenants and includes 1parking space.

308 Lester Street Unit 107, Waterloo

$520,000

X13667798 MLS

This is where it is all happening... If you want a thriving location for your business, be sure to take a closer look at this opportunity to owncommercial real estate space of 699.01sqft in the most desirable Sage Platinum II Building which is walking distance to University of Waterloo &Wilfred Laurier University. Situated within the heart of the Waterloo Student Zone this unit has an abundance of potential for your businessventure. With an estimated 19,000 students at WLU & over 33,000 students at U of W, there is a constant flow of traffic generated within thisarea. At ground level this location consumes walking traffic by students and passersby. Book an appointment to view this property. This unit alsooffers 2 entrances, a front & side which increased potential. Currently operating under lease as a Cannabis store with long term rent untilDecember 2028 for $3319.46 per month with 1 car parking space.

308 Lester Street Unit 112, Waterloo

$2,300,000

8 Baths ⋅ X13653612 MLS

Amazing Investment 21 Rooms Property In Prime Rental Area. Students Rental Building. Close Walk To University Of Waterloo, Plaza And Several Bus Routes. This Building Featuring Contain Total 21 Bedrooms, 8 Baths, 4 Kitchens, Laundry, 9 Parking Student Apartment Building. Each Unit Contains 5 Bedrooms Or 6 Bedrooms,2 Full Baths And A Full Kitchen. Well Maintained Building, Leased With A Great Rental History. Very Profitable Apartment. Make Rental Income While Property Value Goes Up!!

379 Erb Street W, Waterloo

$95,000

X13622204 MLS

Looking to own your own Business? Pizzeria for sale. Great location and high potential for future growth. Located in the heart of Woolwich area, this Business sets up a good example for a retail pizza Store and Ice Cream Bar and other restaurant businesses. The location is a part of a 8 unit plaza and occupies the end corner unit with a good exposure to the upcoming traffic. Surrounded by a prestigious neighbourhood that is always there to support any local business. Flexible lease (5+5), low Rents ($ 3000 + HST that includes TMI as well) and NO royalty fees just adds up to your comfort. Lease hold improvements accounts for approx 155K. Turn key business, seller will train new buyers. All supplier information and etc.

255 Woolwich Street Unit 108, Waterloo

$449,000

1 Baths ⋅ X13613914 MLS

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.

585 Weber Street N, Waterloo

$14,880,000

X13604606 MLS

A rare opportunity to acquire a prominent King Street address in the heart of Waterloo, anchored by an existing 10-storey residential building with a proven rental history. Strategically located within walking distance to the University of Waterloo, Wilfrid Laurier University, and Conestoga College Waterloo Campus, this property sits in one of the region's most desirable rental corridors, surrounded by constant demand from students, professionals, and urban residents. Built in 2009, the existing building has remained fully rented since completion, offering investors immediate in-place income, stability, and long-term holding value in a high-growth market. The additional upside makes this opportunity truly exceptional. The same lot benefits from approved zoning for a 14-storey condominium development, allowing for a total project of 123 condominium apartments with a mix of one, two, and three-bedroom units. This gives the purchaser the rare ability to secure strong existing cash flow today while unlocking significant future development potential. For builders, developers, and strategic investors, the groundwork has already been advanced. A full team of architects, planners, and builders is available and ready to assist with execution, if required. This is more than a development site. It is an income-producing asset with a clear path to growth in one of Waterloo's strongest urban locations.

316 King Street N, Waterloo

$659,900

X13597884 MLS

Well-appointed 2,234 sq. ft. office space located at 155 Frobisher Drive, Waterloo. Functional layout suitable for professional office use, featuring a mix of private offices and open work areas. Conveniently situated with easy access to major routes and near by amenities. Ideal for businesses seeking a clean, professional environment in a well-established commercial area.

155 Frobisher Drive Unit 205 & 206, Waterloo

$899,000

X13574980 MLS

Exceptional opportunity to own a prime commercial condominium together with a well-established convenience and vape business in the heart of Waterloo's thriving university district. Whether you're an investor seeking stable rental income or an owner-operator looking to run your own business, this property offers outstanding flexibility and long-term growth potential. Located on the ground floor of Sage 2 Condos, this premium retail unit is just steps from the University of Waterloo and Wilfrid Laurier University. Surrounded by thousands of students and residents, the area has a limited supply of retail space, creating exceptional demand and consistent pedestrian traffic. This attractive 1,824 sq. ft. commercial unit features 15-foot clear ceilings with no interior support columns, providing a bright, open layout with excellent visibility and direct street exposure. The property also includes one underground parking space, one storage locker, a kitchen, and a private washroom, making it suitable for a wide range of retail, food service, medical, professional, or office uses.The owner currently operates a successful convenience store and vape shop, and a liquor licence is available. The purchaser has the flexibility to continue operating the existing business or take vacant possession and establish a new business concept.

318 Spruce Street Unit 102, Waterloo

$899,000

X13574974 MLS

Exceptional opportunity to own a prime commercial condominium together with a well-established convenience and vape business in the heart of Waterloo's thriving university district. Whether you're an investor seeking stable rental income or an owner-operator looking to run your own business, this property offers outstanding flexibility and long-term growth potential. Located on the ground floor of Sage 2 Condos, this premium retail unit is just steps from the University of Waterloo and Wilfrid Laurier University. Surrounded by thousands of students and residents, the area has a limited supply of retail space, creating exceptional demand and consistent pedestrian traffic. This attractive 1,824 sq. ft. commercial unit features 15-foot clear ceilings with no interior support columns, providing a bright, open layout with excellent visibility and direct street exposure. The property also includes one underground parking space, one storage locker, a kitchen, and a private washroom, making it suitable for a wide range of retail, food service, medical, professional, or office uses.The owner currently operates a successful convenience store and vape shop, and a liquor licence is available. The purchaser has the flexibility to continue operating the existing business or take vacant possession and establish a new business concept.

318 Spruce Street Unit 102, Waterloo

$279,000

X13567504 MLS

Excellent opportunity to acquire a well-established DT SHAWARMA located in a high-traffic retail corridor in Waterloo. Operating successfully at the same location for several years, this turnkey quick-service restaurant benefits from strong brand recognition, loyal repeat clientele, and consistent foot traffic. 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 very known franchise. 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 Fast food restaurant in a highly desirable and rapidly growing area. Plenty of Parking Available.

373 Bridge Street W, Waterloo

$170,000

X13552516 MLS

Opportunity knocks with this thriving Quesada Burritos & Tacos location, perfectly positioned at 585 Weber St N in Waterloo. This turnkey franchise offers a fantastic entry point into a beloved Canadian brand, backed by a growing customer base and established operational success. You will benefit from an incredibly attractive rent of just $4,664 per month, providing excellent overhead efficiency for a new owner. The current lease is secure with two years remaining, plus the significant advantage of 5+5 year renewal options to guarantee long-term stability. This is an ideal venture for an ambitious operator looking to take over a profitable, well-maintained space in a high-traffic area. Benefit from the full support of a nationally recognized franchise system while putting your own personal touch on daily management. Whether you are a seasoned business owner or an aspiring entrepreneur, this location is set up for continued growth and prosperity. Don't miss this chance to step into a successful business model with a proven track record of excellence in the community. Reach out today to discuss how you can become the next success story with this exceptional Waterloo franchise opportunity.

585 Weber Street N Unit 104, Waterloo

$155,000

X13549614 MLS

Turnkey opportunity alert in the heart of Waterloo! Hub Burritos & Shakes at 133 Weber St N is now available for $170,000, offering an incredible chance to step into a thriving, high-traffic location. This vibrant spot is perfectly positioned to capture steady foot traffic and a loyal customer base, making it a dream setup for any entrepreneur. Whether you're looking to expand your portfolio or jump into the future of entrepreneurship, this business is built for success from day one. The monthly rent is only $3600 + HST. The current lease is till May 2027 and can be renewed for another 5 years. A fixed low royalty of only $250 per week. Don't miss your chance to own a growing brand in one of the city's most energetic corridors. Its prime visibility and reputation make it a standout choice for seasoned operators and newcomers alike.

133 Weber Street N, Waterloo

$499,000

X13503004 MLS

Turnkey Sunset Grill Franchise Opportunity - Prime Waterloo Location. Own a profitable Sunset Grill franchise in one of Waterloo's premier AAA retail plazas. This well-established breakfast restaurant occupies a bright corner unit with excellent exposure, prominent signage, and seating for around 100 guests. Built to the franchisor's classic layout, the restaurant features an efficient open-concept kitchen equipped with a 14-foot commercial exhaust hood and a walk-in cooler , providing the ideal setup for smooth day-to-day operations and consistent service. Benefit from attractive rent, a strong long-term lease, and the backing of one of Canada's most recognized breakfast brands. Franchise royalties are 5% + 1%, with comprehensive training provided by the franchisor, subject to approval. Designed to accommodate high weekend volumes, this proven floor plan offers excellent operational efficiency, making staffing and management straightforward. The bright, spacious interior features high ceilings and creates a welcoming dining experience for guests. With steady sales, short operating hours (open daily from 7:00 AM- 3 PM ),and a long-standing reputation within the community, this is an exceptional opportunity for an owner-operator or investor looking to acquire a successful, turnkey business. Please do not approach the business directly or speak with staff. All inquiries and showings must be arranged through the listing brokerage.

584 Weber Street N Unit H-5, Waterloo

$3,499,999

X13495520 MLS

Great turn-key development project in the Waterloo University district! Assembly of 2 single detached houses: 309 & 311 Hawthorn St. Development of a six (6) storey multi-unit apartment building containing fifty-five (55) residential dwelling units, eighty (80) bedrooms, twenty-two (22) parking spaces, and thirty-eight (38) bicycle parking spaces. Site plan drawings have been approved. The site plan agreement is currently under review by the Director. We shall receive the site plan agreement soon. Situated just a short walk from King Street and Wilfrid Laurier University campus, this location is only minutes away from the University of Waterloo. It also enjoys close proximity to various Grand River transit stops and routes, offering convenient access to Uptown Waterloo and major commercial nodes. Package includes all drawings and reports for city permit.

309-311 HAWTHORN Street, Waterloo

$4,999,500

X13490382 MLS

VTB possible. Beautiful Banquet Hall approx. 15,500 sf building sitting on Approx. 1.50 acres with 4 halls (no kitchen/restaurant, but space available to add). Banquet Hall fully renovated last year. 75+ parking spaces. Banquet hall rooms renting on daily base and upcoming bookings already reserved. Site an also be looked at as a redevelopment as it's located in one of the most vibrant nodes of the region. Prime location with very large frontage on the main road and 3 entrances from main road. Large residential unit on second floor with separate entrance (can easily become 3 res units), 5 rooms, 2.5 bathrooms and kitchen with large dinning/lounge area. 1KM from highway 85. Located 500m down the street form Conestoga Mall and surrounded by all major retailers, hotels and big-box stores. VTB available up to 65% with flexible open terms. C5-81 Zoning allows most all retail uses if the current use is not of use to you. Current owner is retiring. MANY USES ARE POSSIBLE HERE. EVERYTHING FROM HOTEL TO COMMERCIAL SCHOOL AND FUNERAL HOME (AND MANY IN-BETWEEN)

617 King Street N, Waterloo

$129,900

X13474826 MLS

Excellent opportunity to own a fully operational Indian restaurant in the heart of Waterloo! Located in a busy high-traffic plaza with multiple well-established anchor businesses driving strong daily foot traffic. Approx. 1,100 sq ft with seating for 25 guests, this turnkey setup features a walk-in cooler, 10 ft commercial hood, and a functional kitchen layout suitable for various restaurant concepts. Current rent is approximately $7,100/month. Attractive lease terms with 4 + 5 year renewal options available, offering long-term stability for owner-operators or investors. Change of use possible, making this a versatile opportunity for different cuisines or food concepts. Prime location surrounded by residential communities, businesses, schools, and major amenities. Great potential to grow and expand the business.

622 King Street N, Waterloo

$285,000

X13428050 MLS

Well-established independent pizza store for sale in a prime Waterloo location! Situated in a busy plaza with excellent visibility and high traffic, surrounded by residential communities, retail businesses, schools, and offices. This turnkey operation offers dine-in, takeout, and delivery services, a loyal customer base, and strong growth potential. Unit size is 1,172 sq. ft. with rent of only $6,500/month including TMI & HST. Fully equipped with all chattels and equipment included. No franchise fees-operate under your own brand with complete flexibility. Ideal opportunity for an owner-operator or investor looking to own a thriving business in a sought-after Waterloo market.

668 Erb Street W Unit B9, Waterloo

$109,000

2 Baths ⋅ X13248484 MLS

Great opportunity to take over a modern restaurant space in the heart of downtown Waterloo. Located on a busy corner with huge wraparound windows and excellent exposure, this spot gets plenty of natural light and strong foot traffic throughout the day. The space is nicely finished with quality equipment and a flexible layout that can work for many different food concepts. Clean, professional setup with a modern feel, ready for a new owner to start operating right away.15 ft hood. 55 indoor seats and 20 patio seats. Basement included. 2 walk in coolers and 1walk-in freezer. Rent $9,910 (TMI & HST included). 2 years remaining plus a 5-year option to renew.

8 Erb Street W, Waterloo

$140,000

X13237252 MLS

Turn-Key Double Double Pizza & Chicken Franchise - For Sale in WaterlooStep into ownership with this fully operational, turn-key Double Double Pizza & Chickenfranchise in a prime Windsor location! This established business offers a fantastic opportunityfor entrepreneurs or investors looking to enter the thriving quick-service restaurant market.Key Features:- Franchise Brand: Double Double Pizza & Chicken- Lease Details: Current lease valid until July 31, 2028 with renewal option available- Rent: $3,939.23/month + HST (includes TMI)- Space: 1,100 sq.ft. with 12-seat dine-in area- Included: All equipment and chattels - ready to operate from day one- Franchise Transfer Fee: Buyer and seller to split 50/50Why This Opportunity Stands Out:- Well-known brand with strong customer base- Turn-key setup - no downtime, start earning immediately- Affordable rent with long lease term- Ideal size for efficient operations and manageable overhead- Great potential for growth with delivery, and local marketing

347 Erb Street W, Waterloo

$129,000

1 Baths ⋅ X13228332 MLS

Located on the busy main street of St. Agatha, just minutes from Waterloo and Costco Wholesale. This high-traffic location features the only neighborhood convenience store in the area, serving a strong and growing residential community. Conveniently surrounded by schools, major highways, and other amenities, the business benefits from excellent visibility and steady customer flow. This is an outstanding opportunity with strong sales, a long-term lease in place, and significant potential for further growth. Ideal for an owner-operator or investor looking to expand sales and maximize profitability.

1651 Erbs Road, Waterloo

$689,900

X13228088 MLS

Prime Retail Space In The Heart Of Waterloo. Extremely Close Proximity To Both Wilfrid Laurier University & The University Of Waterloo. Steps To The University Ave!! Exciting Opportunity To Invest In A Newer Mixed Use Condo Building. Unit Features Include Floor To Ceiling Windows, High Ceilings & Vanilla Shell Direct Street Exposure. Would Suit Many Uses Both Retail And Professional. Two parking spots included. Sold "As-is" because the tenant is still occupying the unit. Unit 105 and 106 are connected and the owners prefer to sell both units together. **EXTRAS** Currently renting to a barbershop until 2029 Feb 29th for 5798.56/m gross rent. The base rent is 38/sqft, TMI is 28.56. Condo fee: 925.25/m

250 Albert Street Unit 105&106, Waterloo

$330,000

X13219054 MLS

Well Established Famous Restaurant. Located at 140 University Ave W, in a high-traffic,high-visibility And One of the most prominent retail plazas. Turnkey opportunity to own a very profitable Korean restaurant in one of Waterloos busiest commercial corridors, Best Location Close to the University of Waterloo and Wilfrid Laurier. This location sees over 40,000 daily foot traffic, ensuring consistent high-volume business. Fully Equipped Kitchen All equipment included. 1,880 sq ft W/ 68 Seats of LLBO Licensed.***Gross Rent $9,250/m included in TMI & Water. Open Hours: Monday - Saturday, 12PM - 11PM | Sunday Closed. ***This is a#1 spot for a restaurant in Waterloo - ideal for investors, owner-operators, or expanding brands looking for strong income.***

140 University Avenue W Unit 6B, Waterloo

$375,000

X13214406 MLS

Successfully operating since 2019, this is a rare chance to acquire a proven, high-performing restaurant in a prime King Street North location in Waterloo.This turnkey, well-established business offers outstanding exposure along one of the city's busiest corridors, surrounded by dense residential, student, and commercial activity, including offices such as Manulife. Strong street presence and pylon signage provide consistent visibility and traffic. The location is just minutes from major institutions like University of Waterloo, Wilfrid Laurier University, and Conestoga College. Nearby anchors such as Farm Boy, Tim Hortons, and other big-box retailers, plus close proximity to Wholesale Club, make daily operations and supply runs convenient.The space is approximately 1,200 sq ft with around 40 indoor seats, a modern open-ceiling design, and recent upgrades including new flooring, fresh paint, and bright LED lighting.The commercial kitchen is built for volume, featuring a 15-ft hood with rough-in for an additional 15 ft (up to 30 ft total potential), walk-in cooler, convection oven, gas burners, griller, and more - suitable for high-output or multi-cuisine concepts.Revenue comes from multiple streams including dine-in, catering, tiffin services, and online delivery, backed by an impressive ~4.5 Google rating.Average sales are approximately $52,000 per month. Rent is $6,300 per month, inclusive of TMI, HST, water, and pylon signage.A true turnkey and profitable operation in a high-demand location, ready for the next owner to step in and scale further. All showings by appointment only.

402 King Street N, Waterloo

$289,000

X13177870 MLS

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.

23 King Street N, Waterloo

$529,900

X13151388 MLS

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).

347 Erb Street W Unit 1, Waterloo

$119,000

1 Baths ⋅ X13138246 MLS

This flexible food business in waterloo is a great opportunity for operators looking to bring their own concept Under One Roof. Pizza, Dosa, Shakes And Kathi Roll and Restaurant with siting capacity of 12 plus . Turn Key Operation, Be Your Own Boss Today, Step Right Into An Established Location. Premium Location... Next To Conestoga College and two universities . The Sale Includes A Fully Equipped Commercial Kitchen And All The Chattels & Equipment Required To Continue The Business. High Visibility With Ample Parking. Sales: Approx. $22,000 to $25,000.Lease Term: TILL 2031 NO FRANCHISE. VTB is also available. Great exposure and steady foot traffic make this a fantastic investment. Don't miss out on this chance to be your own boss!

239 Weber Street N, Waterloo

$7,999,999

X13131378 MLS

This land assembly, totaling 0.86 acres, presents a compelling development potential opportunity with 3 existing income-generating properties situated in the heart of Waterloos energetic uptown core. In 2024, a development concept was brought forward to the City of Waterloo, outlining a 12-story residential apartment building with 129 units. The plan includes 17 parking spaces located at grade behind the building, complemented by additional underground parking whose quantity has yet to be specified. The project adheres to the area's zoning regulations and complies with both the Official Plan and applicable Zoning By-Laws, including matching the scale and height of surrounding developments. This prime location lies within one of Waterloos most desirable neighborhoods and falls inside the Willis Way Protected Major Transit Station Area (PMTSA), where minimum parking requirements are waived under Bill 185. The vision for the residential development centers around connected urban living, offering future residents immediate access to restaurants, boutiques, entertainment, and cultural attractions. With nearby schools, green spaces, institutions, and modern infrastructure enhancements, this site is exceptionally well-positioned to benefit from long-term growth, sustained demand, and increasing value. The seller and their representative make no guarantees about the property's future use or development potential regardless of any of the favorable information noted. The buyer is fully responsible for investigating all current and future matters related to the property and future development. Image of the 12 story building in the listing is merely a virtual rendering to help give some perspective on what may be possible.

205-209 Erb Street W, Waterloo

$199,999

4 Baths ⋅ X13108424 MLS

Skip to the 'Loo!!! Waterloo's Burger Destination! Well Established The WORKS Franchise location steps from the Public Square in Downtown! Join the successful MTY Franchise network and own your own well-established franchise location. Approx. 3,300sqft of well built restaurant space, full commercial kitchen with walk-in fridge in kitchen, extensive chattels list, LLBO for 114 + Patio potential (subject to municipal approval).

92 King Street S, Waterloo

$299,000

X13071886 MLS

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.

170 University Avenue, Waterloo

$2,995,000

X13031690 MLS

An outstanding opportunity for developers and builders to secure a prime land assembly in one of the city's most rapidly evolving corridors. This mixed-use commercial property offers 0.536 acres of land at the high-traffic intersection of Main Street and Franklin Boulevard - a location that benefits from exceptional visibility, strong daily traffic exposure, and a diverse surrounding mix of residential, commercial, and community facilities. This property is being sold in conjunction with 642 Main Street, creating a combined land assembly that significantly enhances the scope and scale of any future redevelopment project. Whether your plans call for residential, mixed-use, or community-focused development, this assembly provides the footprint and flexibility to bring a meaningful project to life. Zoned M3, the property is well-positioned within a municipality that has introduced new, favourable redevelopment and re-zoning plans specifically for this area - providing developers with a supportive regulatory environment and a clear path forward for approvals and planning. The surrounding neighbourhood continues to see active growth, with new development projects underway across residential and community sectors.

600 Main Street E, Waterloo

$2,390,000

8 Baths ⋅ X12834348 MLS

Fourplex Apartment With 4 Units As Each Units With 5 Rooms And 2 Full 4pcs Washrooms. Open Concept Kitchen, Living Room And Ensuite Laundry In Each Unit. Each Unit Contains Individual High Efficiency Furnances And Air Conditioners. University Of Waterloo, Wilfrid Laurier And Conestoga College Are Just Minutes Away From This Building. High Ceiling Through Out All Units. Fully Renovated Basement. Brand New AC In Unit 2, Brand New Furnace In Unit 1.Just A Minute Walk To Public Transit And Amenities. Each Unit Has An Individual Mail Box. High Demand For Student Rental.

327 Spruce Street Unit 4 Units W/20 Rms, Waterloo

$7,900,000

X12781478 MLS

Attention Builders, Investors! Incredible And Very Rare Investment Opportunity In Waterloo University Campus Area! Assembly 3 Detached Homes ( 249, 251, 253 Sunview Street) ,This project combines the lands located at 249, 251, and 253 Sunview Street. The zoning approval was granted in October 2024. The proposed development is planned as a 12-storey building with approximately 116,400 square feet of gross floor area, comprising 131 residential units. Site Plan Agreement is Ready !

249 Sunview Street, Waterloo

$4,999,999

X12731156 MLS

440 Weber Street offers a rare land-banking and redevelopment opportunity in a prime North Waterloo growth corridor. The property comprises 2.318 acres with strong Weber Street frontage and is ideally located near the University of Waterloo, Wilfrid Laurier University, the UW Research & Technology Park, Conestoga Mall, and Uptown Waterloo. The site includes an approximately 9,000 square foot, two-storey commercial building, currently partially tenanted with the balance owner occupied, providing interim holding income and operational flexibility. Existing improvements support continued use while long-term redevelopment plans are evaluated. A large surface parking area further enhances future site planning potential. Zoned E1-40, the property permits a wide range of commercial and employment uses and presents significant long-term intensification potential. The surrounding area is evolving, with a neighbouring property advancing plans for a high-density mixed-use development, reinforcing the site's appeal as a future redevelopment opportunity. This offering is well suited for developers and investors seeking scale, income during hold, and long-term upside in one of Waterloo's most desirable and supply-constrained locations.

440 Weber Street N, Waterloo

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