62 Balsam Street Unit# B102, Waterloo, Ontario N2L 3H2 (21430660)

Home/62 Balsam Street Unit# B102, Waterloo, Ontario N2L 3H2 (21430660)


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62 Balsam Street Unit# B102 Waterloo, Ontario N2L 3H2

1287
Central Air Conditioning Forced Air

$549,800

Maintenance,

$430 Monthly

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. (id:25988)

Business

Business Type Hospitality

Property Details

MLS® Number 30744532
Property Type Retail
Features No Driveway

Building

Cooling Type Central Air Conditioning
Fire Protection Full Sprinkler System
Fireplace Present No
Heating Type Forced Air
Size Interior 1287
Type Retail
Utility Water Municipal Water

Parking

None

Land

Acreage No
Sewer Sanitary Sewer, Storm Sewer
Zoning Description Mixed Use

Utilities

Water Available

https://www.realtor.ca/real-estate/21430660/62-balsam-street-unit-b102-waterloo

Interested?

Contact us for more information


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Ken Scott
Broker of Record

(519) 651-6228
(519) 623-3541
www.klsrealty.com

RE/MAX K.l.s. Realty Inc., Brokerage
766 Old Hespeler Rd. Ut#b
Cambridge, Ontario N3H 5L8

(519) 651-6228
(519) 623-3541
www.klsrealty.com

Laima Scott
Salesperson

(519) 623-3541
www.klsrealty.com

RE/MAX K.l.s. Realty Inc., Brokerage
766 Old Hespeler Rd. Ut#b
Cambridge, Ontario N3H 5L8

(519) 651-6228
(519) 623-3541
www.klsrealty.com

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