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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

©2026 Summitly. All rights reserved. Coldwell Banker Summit Realty, Brokerage — RECO Registration #6018570.

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, 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 trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale On market 557 days

    Unit E4 — 123 PIONEER Drive

    Kitchener, ON··

      0
    • Sale Of Business
    Kitchener real estate›X11923433
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    RemarksPublic: A well-known Mexican franchise is now available in a prime Kitchener location. Positioned in the only major plaza in Doon South, its surrounded by residential neighborhoods, condos, and popular retail outlets like Shoppers Drug Mart, Dollarama, Zehrs, and other well-established brands. This spacious 1,250 sq. ft. unit features a seating capacity of 28 and is a fully turnkey operationperfect 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. Dont miss this fantastic opportunity to own a profitable, well-located business with room for further expansion.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    AI highlights by Zara
    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Jan 14, 2025ListedCurrentFor sale$325,000 —X11923433This page
    Sep 16, 2024Previously listedTer$355,000 —X9352312View
    Aug 22, 2024Previously listedTer$385,000 —X9265026View
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      3
      Heating
      Gas Forced Air Closed
      Air conditioning
      Yes
      Water source
      Municipal
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 Unit E4 — 123 PIONEER Drive
    What's nearby

    Points of interest classified by the MLS® feed.

    • Major Highway
    • Public Transit
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $1,597
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $179
    0.66% mill rate · ON
    The market

    How this home sits in the Kitchener market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Kitchener market right now

    Average sold price, days on market, and closed-transaction count for Kitchener — sourced from MLS®.

    • Avg sold price
      $698,400
      Last 30 days
    • Median sold price
      $671,000
      Middle of the market
    • Days on market
      27 d
      Avg from list to close
    • Closed last 30d
      571
      MLS® transactions
    Full Kitchener market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into Unit E4 — 123 PIONEER Drive — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at Unit E4 — 123 PIONEER Drive and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is Unit E4 — 123 PIONEER Drive listed for?

      Unit E4 — 123 PIONEER Drive is listed at $325,000 on the MLS® (listing X11923433). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does Unit E4 — 123 PIONEER Drive have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. 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.

    Asking
    $325,000
    MLS® X11923433
    Chat Zara
  1. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $698,400
    $642,528Confidence range$754,272
    Asking vs estimate
    ↓below
    −$373,400
    (-53.5%)
    Asking is below estimate
    Run the affordability numbers

    Based on the city's average sold price (limited data on this listing).

    Market analytics

    Homes like this in Kitchener sell in about 27 days — this one has been listed 557 days.

    Avg sold price
    $698,400
    Median sold
    $671,000
    Avg days on market
    27
    Recently sold
    571
    See comparable sales
    RemarksPublic: A well-known Mexican franchise is now available in a prime Kitchener location.
  2. 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.
  3. Lease terms are favorable with a 1+5-year agreement, and gross rent is $5,500/month.
  4. The business maintains a food cost of 25%, wages at 16%, and a 6% royalty fee.
  5. Ask Zara a follow-up

    Parking & garage

    1
    Garage
    Plaza
  6. Lot & land

    1
    Zoning
    C3
  7. Listing & possession

    3
    Possession
    2025-03-01T00:00:00.000-00:00
    Property style
    Without Property
    Property class
    Sale Of Business
  8. Combined estimate
    $1,776
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $1,597
    /mo
    based on the purchase price of $325,000
    $65,000 cash
    $260,000 financed
    $218,988 total interest
    Monthly payment$1,597/ month
    Principal54%$260,000
    Interest46%$218,988

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

    More sale of businesss in Kitchener

    Active listings within ±20% of this asking price.

    • 4293 King Street
      $265,000
      4293 King Street
      Sale Of Business
    • 155 Highland Road
      $369,000
      155 Highland Road
      Sale Of Business
    • 108 Garment Street
      $299,000
      108 Garment Street
      Sale Of Business 2
    • 235 Ira Needles Boulevard
      $299,900
      235 Ira Needles Boulevard
      Sale Of Business 2
    • 192 Activa Avenue
      $299,000
      192 Activa Avenue
      Sale Of Business
    • 29 King Street
      $299,000
      29 King Street
      Sale Of Business
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  9. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  10. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  11. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  12. Public listing courtesy of RE/MAX REAL ESTATE CENTRE INC. · displayed on Summitly per MLS® data-share rules

    Unit E4 — 123 PIONEER Drive is a sale of business at Kitchener, ON. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  13. When was Unit E4 — 123 PIONEER Drive built?

    The year built for Unit E4 — 123 PIONEER Drive isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  14. What is the property tax for Unit E4 — 123 PIONEER Drive?

    The 'Property tax' tab in the History section shows the most recent annual tax for Unit E4 — 123 PIONEER Drive plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  15. How much would the monthly mortgage be on Unit E4 — 123 PIONEER Drive?

    The affordability calculator on this page shows an estimated monthly mortgage for $325,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  16. Has Unit E4 — 123 PIONEER Drive been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of Unit E4 — 123 PIONEER Drive with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  17. What neighbourhood is Unit E4 — 123 PIONEER Drive in?

    Unit E4 — 123 PIONEER Drive is in Kitchener, Kitchener. The 'Neighbourhood' section below links to the live Kitchener real estate hub with average sold price, days on market, and current inventory.

  18. Is Kitchener a good place to live?

    Kitchener is one of ON's actively-tracked Summitly markets. The full Kitchener real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.