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646 ERB Street W Unit# 102, Waterloo, Ontario, N2J 3Z4

MLS® # 40546798
Commercial For Sale In Beechwood West, Waterloo, Ontario
$277,000
Main - 646 Erb Street W Unit# 102, Waterloo, ON
Cash counter and menu display monitors - 646 Erb Street W Unit# 102, Waterloo, ON
Food display unit - 646 Erb Street W Unit# 102, Waterloo, ON
Space for future dine in - 646 Erb Street W Unit# 102, Waterloo, ON
20 foot kitchen hood - 646 Erb Street W Unit# 102, Waterloo, ON
Kitchen appliances - 646 Erb Street W Unit# 102, Waterloo, ON
Spacious kitchen /food prep area - 646 Erb Street W Unit# 102, Waterloo, ON
646 Erb Street W Unit# 102, Waterloo, ON
Walk in cooler - 646 Erb Street W Unit# 102, Waterloo, ON
646 Erb Street W Unit# 102, Waterloo, ON
Handicap accessible washroom - 646 Erb Street W Unit# 102, Waterloo, ON
Main - 646 Erb Street W Unit# 102, Waterloo, ON
Cash counter and menu display monitors - 646 Erb Street W Unit# 102, Waterloo, ON
Food display unit - 646 Erb Street W Unit# 102, Waterloo, ON
Space for future dine in - 646 Erb Street W Unit# 102, Waterloo, ON
20 foot kitchen hood - 646 Erb Street W Unit# 102, Waterloo, ON
Kitchen appliances - 646 Erb Street W Unit# 102, Waterloo, ON
Spacious kitchen /food prep area - 646 Erb Street W Unit# 102, Waterloo, ON
646 Erb Street W Unit# 102, Waterloo, ON
Walk in cooler - 646 Erb Street W Unit# 102, Waterloo, ON
646 Erb Street W Unit# 102, Waterloo, ON
Handicap accessible washroom - 646 Erb Street W Unit# 102, Waterloo, ON
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ACTIVE
646 ERB Street W Unit# 102, Waterloo, Ontario, N2J 3Z4
$277,000

Property Information:

Flame Indian Cuisine and Meat shop continues to be a successful take out business in Waterloo for last 15 years and has built a loyal customer base. The business gets tremendous exposure being located in a busy retail plaza close to the Boardwalk, Costco and other retail/commercial outlets. The business attracts new repeat customers being surrounded by residential neighborhoods, old and developing. Pl note: 1. currently operating 6 days/week; 2. the business permit allows for 14 seat indoor dining as well. A great opportunity, thus exists for further growth and generating greater revenue. Current lease is till Dec 2026 with 2 X 5 year options. Next 5 year term rent already negotiated. Total space is 1237 square feet. Monthly rent is $6,460.23 including net rent, TMI and HST. Water is included in the rent. The sale includes all the fixtures, equipment including the new 20 ft hood as well as ample sized walk-in cooler with roof top compressor system. Wheel chair accessible bathroom. (id:27)

Building Features:

  • Style: Business
  • Basement Type: None

Property Features:

  • Property Type: Business
  • Amenities Nearby: Public Transit, Shopping
  • Community Features: High Traffic Area
  • Zoning: C3-40

Courtesy of: Leedway Realty Inc., Brokerage

REALTOR.ca  

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Market Price Trends

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Location of 646 ERB Street W Unit# 102, Waterloo, Ontario, N2J 3Z4

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

34 hot days expected in 2050

Projected Storm Risk: Very High

14 storms expected in 2050

Projected Heat Risk: High

34 hot days expected in 2050

52/100

High

ClimateCheck®

Current data

This property, 646 ERB Street W Unit# 102 , experiences 7 hot days per year at around 30.6 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 34 hot days at 34.2 degrees Celsius.

Projected Avg. Temperature

Past
30.6℃
2050
34.2℃

# Hot Days Per Year

Past
7
2050
34

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk:

14 storms expected in 2050

64/100

ClimateCheck®

Current data

This property, 646 ERB Street W Unit# 102 , experiences 11 significant 2-day storms per year, with about 322.4mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 400mm of precipitation per year.

Precipitation Per Storm

Past
322.4mm
2050
400mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 646 ERB Street W Unit# 102, Waterloo, Ontario, N2J 3Z4

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$114,739.60

Average Number of Children

1.84

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.45 %

High school certificate or equivalent

28.02 %

Apprenticeship trade certificate/diploma

4.12 %

College/non-university certificate

18.3 %

University certificate (below bachelor)

2.95 %

University Degree

32.16 %

Commuter

Travel To Work

By Car

91.31 %

By Public Transit

1.75 %

By Walking

3.14 %

By Bicycle

0.0 %

By Other Methods

3.8 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

4.72 %

Houses

95.28 %

Own Vs. Rent

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