New Listing
494 Albert Street,Waterloo, ON N2L3V4
Waterloo, ON N2L3V4
Description
Thriving Waterloo Entertainment Venue For Sale - One of the City's Best-Equipped Entertainment Destinations! Highly popular since 2013 and well-loved by the local community, this established all-in-one entertainment destination features Indoor Golf, Pool Hall, Table Tennis, and a Licensed Bar, making it a go-to gathering spot for customers of all ages. Strong local recognition with a 4.4/5 Google rating.Offering 4,108 Sq Ft on the main level plus an additional 4,000+ Sq Ft basement, totalling over 8,000 Sq Ft of usable space. Low Rent of $7,985.81/Month (Including TMI & HST). Current lease runs until August 31, 2028, with one 5-year renewal option. Water included at no extra cost. Over $170,000 in recent upgrades, including: 2 Premium Golfzon Vision Plus Golf Simulators (upgraded in 2023, cost over $68,000) ; 6 Tournament-Grade Pool Tables (upgraded at the end of 2024, cost over $40,000); Brand New Tournament-Grade Shadowless Pool Table Lighting (installed at the end of 2024, cost over $20,000); New Carpet Throughout (installed in 2024, cost over $40,000) ; Plus additional equipment and improvements. Located in a busy plaza with excellent exposure, abundant parking, and easy access. Close to University of Waterloo, with multiple high-rise residential towers to be built directly across the plaza, creating tremendous future traffic and customer growth potential. Seller training and transition support available to ensure a smooth handover to the new owner. Fully equipped and ready for operation. Great opportunity for entrepreneurs to take over a growing, high-demand entertainment concept in a vibrant community. (id:13843)
Details
| MLS # | X14139052 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 1 |
| Listing Provided By | HC REALTY GROUP INC. | CAROLINE HOU |
Features
| Bath(s) | 3 Total |
|---|---|
| SQ Feet | 4,108 |
| Zoning | Commercial |
Interior
| Cooling | Fully air conditioned |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 0 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Waterloo |
| Postal Code | N2L3V4 |
| Listing VS Median (in N2L3V4) | |
Price: $486,000 low | high Med: $25 sqft: 4,108 low | high Med: 1,270 $ / sqft: $118 low | high Med: $0 On site: 1 low | high Med: 5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Waterloo |
| Postal Code | N2L3V4 |
| Listing VS Median (in N2L3V4) | |
Price: $486,000 low | high Med: $25 sqft: 4,108 low | high Med: 1,270 $ / sqft: $118 low | high Med: $0 On site: 1 low | high Med: 5 | |