For Sale

123 PIONEER DRIVE Unit# E4, Kitchener, Ontario N2P2A3

$355,000

123 PIONEER DRIVE Unit# E4, Kitchener, Ontario N2P2A3 is For Sale and has a listing price of 355,000. The property is located in the Pioneer Park neighbourhood. It's been on the website for 101 Days.

  • Business
    Property Type
  • MLS ID: 40647878
  • Office Name RE/MAX Real Estate Centre Inc.
Property Description

A well-known Mexican franchise is now available in a prime Kitchener location. Positioned in the only major plaza in Doon South, it’s surrounded by residential neighborhoods, condos, and popular retail outlets like Shoppers Drug Mart, Dollarama, Zehr’s, and other well-established brands. This spacious 1,250 sq. ft. unit features a seating capacity of 28 and is a fully turnkey operation—perfect for first-time buyers venturing into entrepreneurship or experienced business owners looking to expand their portfolio. With a steady stream of returning customers, this thriving business offers significant growth potential, especially by obtaining an LLBO license to transform the restaurant into a social hotspot. Lease terms are favorable with a 1+5-year agreement, and gross rent is $5,500/month. The business maintains a food cost of 25%, wages at 16%, and a 6% royalty fee. Don’t miss this fantastic opportunity to own a profitable, well-located business with room for further expansion. (id:43137)

Property Details
  • MLS ID: 40647878
  • Price: $355,000
  • Transaction Types: For Sale
  • Ref ID: 27421523
  • Year Built: N/A
  • Property Type: Business
  • Property Type: Commercial
  • Property Sub Category: Business
Price History
List Date MLS ID List Price Status End Date Closed Price
09/16/2024 40647878 $355,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Pioneer Park
  • $672,148 Average List Price
    based on 1 year
  • 6 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 1.67 % Below
  • Sold (12mo) 45
  • Rented (12mo) 6

  • 1 Month Change -11.4%
  • 3 Month Change -6.8%
  • 6 Month Change -45.8%
Walkscore
Property Type Distribution
  • All Houses
    72.34%
  • Commercial
    1.83%
  • Condo
    25.82%
Additional Details
  • Basement2 None
  • Property Features Visual Exposure
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 16/09/2024 00:00:00
  • Agent Name: PK Kapoor
  • Last Updated: 11/12/2024 01:58:31
Open House Dates
Want to see this property?