62 Balsam Street B102, Waterloo, ON

$549,800

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1,287

Square feet

About 62 Balsam Street B102

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.

Features of 62 Balsam Street B102

MLS® # 30744532
Price $549,800
Bathrooms 0.00
Square Footage 1,287
Acres 0.00
Type Commercial
Sub-Type Retail
Status Active

Community Information

Address 62 Balsam Street B102
Area Waterloo West
Subdivision Beechwood/University
City Waterloo
County Waterloo
Province ON
Postal Code N2L 3H2

Amenities

Garages None
Is Waterfront No
Has Pool No

Interior

Heating Gas Forced Air Open
Cooling Central Air
Has Basement No

Listing Details

AgentKen Scott
OfficeRE/MAX K.L.S. REALTY INC., BROKERAGE

Listing Map

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