585 Weber St N is a 1-bathroom retail in Waterloo, listed for $449,000.
1Exceptional opportunity to own a high-volume convenience store in the thriving Waterloo Region.
2It earns approximately $80,000 annually in OLG 649 lottery commission, while beer and wine sales exceed $150,000 annually and continue to grow.
3Strategically 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.
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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
1 Bath Commercial Property in Waterloo
About 585 Weber Street North
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.
Waterloo retail priced at $449,000 — book a tour to see if it fits your search.
Inside 585 Weber St N
Every detail from the listing, in one place.
Type
Retail
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Commercial Retail
585 Weber St N Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13613914$449,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 585 Weber St N Compares to the Waterloo Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio100.1%On average, homes sold at or above asking.
Active listings399Homes for sale here right now.
Median vs prior 90 days−0.7%Compared with Apr 19 – Jul 18, 2026: prices down.
Based on 450 sales from Jul 18 – Oct 16, 2026 (287 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
585 Weber St N is listed at $449,000 (MLS® X13613914). Summitly updates the price as soon as the MLS® record changes.
Has the price of 585 Weber St N changed?
No — 585 Weber St N is still listed at its original asking price of $449,000.
How many bedrooms and bathrooms does 585 Weber St N have?
585 Weber St N has 1 bathroom. It is a commercial property in Waterloo.
Is 585 Weber St N close to transit?
The nearest rapid-transit station is Northfield Station (ION), about 640 m (about a 8-minute walk) in a straight line. Research and Technology Station is about 1.7 km (about a 21-minute walk), and Conestoga Station is about 1.8 km (about a 22-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How does 585 Weber St N compare with other homes in Waterloo?
Its asking price of $449,000 is about 35% below the median sold price in Waterloo over the last 90 days, $695,000, across 450 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.
Has 585 Weber St N been sold before?
Summitly has no earlier MLS® sale or lease of 585 Weber St N on record from the last two years. Older records aren't shown under TRREB rules.
Where is 585 Weber St N?
585 Weber St N is in Waterloo, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 585 Weber St N been on the market?
80 days — 585 Weber St N was listed on July 28, 2026.
What is the land transfer tax on 585 Weber St N?
About $5,455 in Ontario land transfer tax at the asking price of $449,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 585 Weber St N or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 585 Weber St N?
The listing for 585 Weber 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.
When was 585 Weber St N built?
The listing for 585 Weber St N doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
