MNSKEY 647-325-5000

250 Phillip Street E

Waterloo, N2L 3E9

Listed by CENTERPOINT REALTY INC.

$249,000

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  • 2 bathrooms

Listed today · MLS® X14104638

About this home

Restaurant For Sale In The Heart Of Waterloo's University District, Within Walking Distance To The University Of Waterloo And Conveniently Located On The Ground Floor Of A Residential Condo Building. Surrounded By High-Density Student Housing And Residential Communities, The Location Benefits From Strong Foot Traffic And Excellent Accessibility. The Restaurant Features Modern Renovations, A Fully Equipped Kitchen, And An LLBO License For 36 Seats. The New Owner Can Continue The Existing Restaurant Operation Or Easily Convert The Space To Other Restaurant Concepts Or Cuisine Types. An Excellent Turn-Key Opportunity In One Of Waterloo's Most Vibrant Student And Residential Areas.

Details

Type
Sale Of Business
Lot
191.33 × ? ft
Garage
Plaza
Municipality
Waterloo

Interior

Bathrooms
2 × bathroom

Heating, cooling and services

Heating
Gas Forced Air Closed
Air conditioning
Yes

Building and exterior

Building area
1,528 Square Feet

More

Possession
TBA
Cross street
Phillip/University
Business type
Restaurant

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Very walkable

  • 🚇 University of Waterloo LRT6 min walk
  • 🚇 Laurier - Waterloo Park LRT8 min walk

Within a 10-minute walk: 3 grocery stores, 95 cafés and restaurants, 9 parks, 2 pharmacies. Nearest grocery: Waterloo Central Supermarket (100 m). Nearest park: Sunview park (300 m).

Schools nearby

Elementary

  • Winston Churchill Public School
    EQAO: Gr 6 reading 88%, math 56%    1.5 km
  • Keatsway Public School
    EQAO: Gr 6 reading 84%, math 50%    1.6 km
  • Our Lady of Lourdes Catholic Elementary School Catholic
    EQAO: Gr 6 reading 83%, math 45%    1.7 km
  • Empire Public School
    EQAO: Gr 6 reading 87%, math 52%    2.0 km

Secondary

  • Waterloo Collegiate Institute
    EQAO: Gr 9 math 57%, literacy test 85%    14 min walk
  • MacGregor Public School15 min walk
  • St. David Catholic Secondary School Catholic
    EQAO: Gr 9 math 67%, literacy test 97%    1.3 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N2L

Owners / renters
37% / 63%
Median household income
$69,500
Average age
37
Children under 15
11%
Homes
29% detached, 40% high-rise
Commute by transit
12%
Population
37,953

Languages spoken most at home besides English: Mandarin 5.5%, Arabic 1.4%, Hindi 0.9%, Punjabi (Panjabi) 0.9%.

Safety

Crime Severity Index for Waterloo Region (Kitchener) police: 67 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown Kitchener: 4 km. Transit times · Driving times

Noise 1 source nearby

  • 🚆 Rail line (Ion;Waterloo Spur)250 m

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by CENTERPOINT REALTY INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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