Exceptional opportunity to own a prime commercial condominium together with a well-established convenience and vape business in the heart of Waterloo's thriving university district. Whether you're an investor seeking stable rental income or an owner-operator looking to run your own business, this property offers outstanding flexibility and long-term growth potential. Located on the ground floor of Sage 2 Condos, this premium retail unit is just steps from the University of Waterloo and Wilfrid Laurier University. Surrounded by thousands of students and residents, the area has a limited supply of retail space, creating exceptional demand and consistent pedestrian traffic. This attractive 1, 824 sq. ft. commercial unit features 15-foot clear ceilings with no interior support columns, providing a bright, open layout with excellent visibility and direct street exposure. The property also includes one underground parking space, one storage locker, a kitchen, and a private washroom, making it suitable for a wide range of retail, food service, medical, professional, or office uses. The owner currently operates a successful convenience store and vape shop, and a liquor licence is available. The purchaser has the flexibility to continue operating the existing business or take vacant possession and establish a new business concept.