62 BALSAM Street #B102 , Waterloo

Bed / $549,800 / MLS® Listing #:30744532

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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., Directions:University Ave W to Hazel St to Balsam St, Exclusions:

Property Details

Property Type Retail
Property Style N/A
Square Feet 1001 to 1500
Property Tax $N/A
Maintenance N/A
Days On Our Website 334
Basement
Kitchens
Garages
Pool N/A
Fireplaces
Air Conditioning Yes
Heating Gas Forced Air Open - Gas Forced Air Open
Exterior
Garage Type N/A
Sewers Sanitary & Storm
Water Municipal

Listing Office: RE/MAX K.L.S. REALTY INC., BROKERAGE

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