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$219,900 total
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Asset Class
Specialty
Size
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Building class
C
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
97%
Welcome to Pizzeria La Terrazza – Established Gourmet Pizzeria in the Heart of Doon South, Kitchener..Discover a remarkable opportunity to own a thriving, privately owned gourmet pizza restaurant located in Kitchener’s sought-after Doon South community — a vibrant, family-oriented area home to over 31,000 residents. This 955 sq. ft. restaurant features a well-maintained interior with seating for 20+ guests, plus a 16-seat licensed patio, both fully approved under the LLBO for alcohol service. Renowned for its authentic, handcrafted pizzas and loyal local following, Pizzeria La Terrazza is a beloved destination for lunch, dinner, and relaxed evenings. Ideally situated within a dense residential hub, the business benefits from steady foot traffic, excellent visibility, and a strong repeat customer base. The location also offers untapped potential to expand catering or delivery services to four nearby schools located just 4–7 minutes away. The sale includes a long-term lease with very reasonable rent, providing an outstanding turnkey opportunity for an owner-operator. Fully equipped and ready to operate, the space offers flexibility — continue its success as a boutique pizzeria or transform it into your own franchise or specialty dining concept. A rare opportunity to own a proven, profitable business in one of Kitchener’s fastest-growing communities! (id:66811)
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Monthly debt service
$1K
Projected NOI
$14K
Annual cash flow
$2K
Cash-on-cash
3.30%
DSCR
1.18
Going-in cap
6.53%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
126,063
Households
59,511
Median income
$126,500
Median age
36.4
Daytime population
115,797
5-yr growth
0.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 260 DOON SOUTH Drive Unit# 10, Kitchener.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.