Waterloo, ON · · MLS® X13214406Updated
$375,000
402 King St N is a business in Waterloo, listed for $375,000.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
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.
Waterloo business priced at $375,000 — book a tour to see if it fits your search.
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Closed sales on the TRREB MLS®.
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Listing brokerage: RE/MAX REAL ESTATE CENTRE INC., BrokerageMLS® X13214406 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
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Based on 461 sales from Jul 16 – Oct 14, 2026 (283 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
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402 King St N is listed at $375,000 (MLS® X13214406). Summitly updates the price as soon as the MLS® record changes.
No — 402 King St N is still listed at its original asking price of $375,000.
The listing for 402 King St N doesn't publish its bedroom and bathroom count. It is a commercial property in Waterloo.
The nearest rapid-transit station is Conestoga Station (ION), about 1.5 km (about a 19-minute walk) in a straight line. Research and Technology Station is about 1.6 km (about a 19-minute walk), and University of Waterloo Station is about 1.7 km (about a 22-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
Its asking price of $375,000 is about 47% below the median sold price in Waterloo over the last 90 days, $704,914, across 461 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Summitly has no earlier MLS® sale or lease of 402 King St N on record from the last two years. Older records aren't shown under TRREB rules.
402 King St N is in Waterloo, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
138 days — 402 King St N was listed on May 29, 2026.
About $4,100 in Ontario land transfer tax at the asking price of $375,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
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The listing for 402 King St N doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Waterloo.
The listing for 402 King St N doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
