$549,800

62 Balsam Street #b102

Waterloo ON, N2L 3H2

Description

5.8% CAP RATE! Great Waterloo Core Investment Prime Retail Space! Newer commercial condo unit on the ground floor of Sage 3 Condos in the Heart of Waterloo directly across from the back of Wilfred Laurier Lazaridis School of Business and Economics Building located at 64 University Ave W. Many commercial uses available. Currently, this unit is leased as a Snackery and Comfort Food establishment until May 31, 2022 at $3,750 per month plus HST plus utilities to an excellent tenant. The Condo fee is $430 plus HST. This 14' high ceiling unit has a large glass front window and there has been extensive leasehold improvements - granite counter tops, upscale cabinetry, food preparation room, upgraded exhaust, ceramic flooring, LED Lighting, alarm system, camera monitoring, 2 washrooms with one being handicap high standards and the hot water tank and water softener are owned. This unit also includes an owned parking spot #24 which was purchased at an extra $20,000. There is a high volume of student / professor walk-in customer traffic from the University and residential units above and surrounding area and there is also an extra paid parking section at the University parking lot across directly across the unit. With convenience to the new billion dollar Rapid Transit LRT, go bus routes, Google plus all other amenities, this makes an excellent Core Waterloo Investment Opportunity for the Prudent Investor! See Sales Brochure Link for CAP RATE calculation.

Details

MLS#30744532
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site56

Features

Story(s)0

Loading Form

Loading Form

Area Information

ProvinceON
CountyWaterloo
CityWaterloo
Postal CodeN2L 3H2
Area4 - Waterloo West
Listing VS Median (in N2L 3H2)
Price:
$549,800
low | high
Med:
$549,800
50% of Average
On Site:
56
low | high
Med:
56
100% of Average
Listing Updated: 06/02/2020
MLS Number: 30744532
Listing Provided By:
KEN SCOTT  of  RE MAX K.L.S. REALTY INC. BROKERAGE
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.