280 Victoria Street, Kitchener, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Kitchener. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $249,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 230 x 182.57 ft lot size
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Exceptional opportunity to acquire a well-established and profitable coin laundromat in Kitchener, proudly serving the community for over 30 years. This turnkey business operates from a 1,500 sq. ft. leased premises with attractive low monthly rent and generates approximately$9,000 to $11,000 in monthly sales, with significant potential for future growth and revenue enhancement. The sale includes all owned equipment with no lease obligations, featuring 27 washers, 21 dryers, laundry sink, 5 folding tables ,security camera system, boiler, hot water tank, and an automatic door lock system with programmable timers for efficient opening and closing operations. The business is designed for streamlined management and offers an excellent opportunity for owner-operators, investors, or those seeking a semi-passive income stream. With a long operating history, loyal customer base, and established presence in the market, this is a rare chance to acquire a stable, cash-flowing business with upside potential. The current owner is retiring, creating an ideal opportunity for new ownership to takeover and grow the operation. Financial information available to qualified purchasers upon request.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 280 Victoria Street N 2A, Kitchener, ON N2H 5E2
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Kitchener, ON
For a property listed at $249,900 in Kitchener, the legal minimum down payment is $12,495 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $2,224 for this transaction. As this listing is in Kitchener (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $2,224.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.