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402 King Street N
421 - Lakeshore/Parkdale Waterloo N2J 2Z3

$375,000
Business Opportunity

Commercial storefront featuring a brick facade and prominent signage
Photo 1: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 2: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 3: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 4: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 5: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 6: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 7: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 8: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 9: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 10: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 11: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 12: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 13: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 14: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 15: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 16: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 17: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 18: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 19: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 20: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 21: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 22: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 23: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 24: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 25: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 26: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 27: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 28: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 29: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 30: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 31: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 32: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 33: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 34: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 35: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 36: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 37: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Photo 38: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
Status:
Active
Prop. Type:
Business Opportunity
MLS® Num:
40834552
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.
Property Type:
Business Opportunity
Property SubType:
Commercial
Listing General Location:
421 - Lakeshore/Parkdale, 4 - Waterloo West
Bathrooms:
- (Full:-/Half:-)
Kitchens:
0
County Or Parish:
Waterloo
Taxes:
Features:
Crops Included: No, Garage: No, Franchise: No, New Construction: No
Fireplace:
false
false
No
No
Association Fee:
Association Fee Frequency:
Association Fee 2:
Association Fee 2 Frequency:
Administrative Fee:
Features:
Crops Included: No, Garage: No, Franchise: No, New Construction: No
Road Access Fee:
Franchise Fee Included:
No
Lot Site Features:
High Traffic Area, Highway Access, Major Highway, Public Parking, Public Transit, Shopping Nearby
Features:
Crops Included: No, Garage: No, Franchise: No, New Construction: No
Business Type:
Restaurant
Total Units:
Listed Date:
May 29, 2026
  • Photo 1: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
    Commercial storefront featuring a brick facade and prominent signage
  • Photo 2: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
    Commercial storefronts featuring brick exteriors, multiple display windows, and prominent signage
  • Photo 3: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
    Commercial brick storefronts featuring multiple retail units, individual signage, and ample front parking
  • Photo 4: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
    Commercial storefront featuring brick facade, multiple display windows, prominent signage, and a paved parking area
  • Photo 5: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
    Spacious commercial interior featuring banquette seating and wood-finish flooring
  • Photo 6: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
    Interior dining space featuring wood-finish flooring and a mix of booth and table seating
  • Photo 7: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
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  • Photo 8: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
    Spacious commercial interior featuring banquette seating, wood-finish flooring, and exposed ceiling ductwork
  • Photo 9: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
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  • Photo 12: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
    Industrial-style ceiling with exposed ductwork and structural beams
  • Photo 13: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
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  • Photo 14: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
    Commercial space featuring a large glass-front refrigeration unit, wood-finish flooring, recessed lighting, wall-mounted display shelving, and glass entry doors
  • Photo 15: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
    Image quality insufficient for description
  • Photo 16: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
    Commercial kitchen space featuring white tiled flooring, stainless steel three-compartment sink, stainless steel shelving, and a white commercial refrigeration unit
  • Photo 17: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
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  • Photo 18: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
    Commercial kitchen space featuring white square floor tiles, light gray walls, exposed ceiling infrastructure, and a wooden-top work table
  • Photo 19: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
    Commercial kitchen space featuring stainless steel refrigeration units, tile flooring, and a wooden work table
  • Photo 20: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
    Commercial kitchen featuring stainless steel equipment, tiled flooring, exposed ceiling with ductwork, and wall-mounted water heaters
  • Photo 21: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
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  • Photo 22: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
    Commercial-grade kitchen featuring stainless steel surfaces, integrated stovetop, and hood ventilation system
  • Photo 23: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
    Professional kitchen space featuring commercial-grade stainless steel equipment, including a range with griddle, a large exhaust hood, and multiple work tables
  • Photo 24: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
    Photo 24 of 38
  • Photo 25: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
    Commercial-grade kitchen space featuring white square tile flooring, stainless steel work surfaces, and a large commercial sink
  • Photo 26: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
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  • Photo 29: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
    Image quality insufficient for description
  • Photo 30: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
    Image quality insufficient for description
  • Photo 31: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
    Aerial perspective showcasing King Street's commercial corridor with multiple businesses and high-rise residential buildings
  • Photo 32: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
    Aerial view showcasing proximity to major thoroughfares and retail establishments
  • Photo 33: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
    Aerial perspective of a commercial area featuring multiple business establishments
  • Photo 34: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
    Image quality insufficient for description
  • Photo 35: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
    Expansive aerial perspective showcasing a snowy urban landscape with a clear blue sky
  • Photo 36: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
    Urban landscape featuring multiple commercial buildings, paved roads, and distant high-rise structures
  • Photo 37: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
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  • Photo 38: 402 King Street N in Waterloo: 421 - Lakeshore/Parkdale Commercial for sale (4 - Waterloo West)  : MLS®# 40834552
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Listed by RE/MAX Real Estate Centre Inc.
Data was last updated June 15, 2026 at 09:50 AM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$209,000
Min list price:
$1
Max list price:
$599,900
Avg days on market:
63
Min days on market:
6
Max days on market:
176
These statistics are generated based on the current listing's property type and located in 4 - Waterloo West. Average values are derived using median calculations. This data is not produced by the MLS® system.