45 King Street West, Waterloo | Image 1

45 King Street West

Waterloo

  • Commercial

$499,000
For Sale

Added 2 months ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Restaurant

  • Zoning: Business Commerc

  • Age: No Data

  • MLS®#: X8057910

  • Days on Site: 58 Days

  • Added: Feb 08, 2024 (2 months ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: ROYAL LEPAGE SIGNATURE REALTY

Gorgeous licensed restaurant on King Street in downtown Kitchener. This turnkey beautiful restaurant is currently The Rich Uncle Tavern dating back to 2015 when it was completely renovated top to bottom. 3,770 sq ft with an impressive open concept chef's kitchen towards the rear of the unit. Excellent layout with high ceilings and an excellent atmosphere.This is a wonderful opportunity for operators looking for a 100+ seat restaurant for rebranding or conversion.

Extras

Great lease rate of $11,247 including TMI and all utilities with 5 + 5 + 5 years remaining. Licensed for 120 + 26 on the patio. Full chefs' kitchen with a 18 ft hood and 3 walk-ins. 1 parking space included. Please do not go direct.

Property

  • Status: Sale

  • Type: Restaurant

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Area: Waterloo

  • Availability Date: TBD

Inside

  • Bathrooms: 7

  • Air Conditioning: Y

  • Washrooms: 7

Utilities

  • Utilities: Available

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Elevator: None

  • Freestanding: N

  • Outside Storage: N

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: Y

  • Volts: 200

  • Amps: 600

Parking

  • Garage Type: Outside/Surface

  • Covered Parking Spaces: 1

Fees

  • Tax Year: 2023

  • Tax Legal Description: LT 5 PL 381 KITCHENER; PT LT 4 PL 381 KITCHENER PT

  • Taxes Type: T.M.I.

Land

  • Cross Street: King St W & Queen St

  • Municipality District: Waterloo

  • Sewer: San+Storm

  • Lot Depth: 159.12 Feet

  • Lot Frontage: 25.14 Feet

  • Zoning: Business Commerc

Commercial Specific

  • Number of Employees: 7

  • Rail: N

  • Sprinklers: Y

  • Total Area: 3770

  • Total Area Metric: Sq Ft

  • Hours Open: 4-9

  • Days Open: 4

  • Franchise: N

  • Tangible Property Included: Y

  • Crane: N

  • Lot Code: Lot

  • Survey: N

  • Seats: 146

  • Soil Test: N

  • Business/Building Name: The Rich Uncle Tavern

  • Financial Statement: N

  • LLBO: Y

Map of 45 King Street West, Waterloo
7-8

Courtland Avenue Public School

Elementary: Public
0.76 km
JK-8

St Bernadette Catholic Elementary School

Elementary: Catholic
1.78 km
JK-6

King Edward Public School

Elementary: Public
1.38 km
7-8

Margaret Avenue Public School

Elementary: Public
1.06 km
JK-6

Suddaby Public School

Elementary: Public
0.65 km
JK-6

J F Carmichael Public School

Elementary: Public
1.62 km
9-12

Rosemount - U Turn School

Secondary: Public
2.93 km
Pre-Grade 9-12

Kitchener Waterloo Collegiate and Vocational School

Secondary: Public
1.65 km
Pre-Grade 9-12

Bluevale Collegiate Institute

Secondary: Public
2.91 km
Pre-Grade 9-12

Eastwood Collegiate Institute

Secondary: Public
2.61 km
9-12

St Mary's High School

Secondary: Catholic
3.78 km
Pre-Grade 9-12

Cameron Heights Collegiate Institute

Secondary: Public
0.87 km
101-357 King Street East, Kitchener | MLS: X7384920
For Sale
3 months ago
$450,000
  • 0 bath
  • 0 bed

101-357 King Street East, Kitchener, Ontario • N2G 3L2 • Kitchener