NewFor Sale

494 Albert Street
Waterloo, Waterloo, ON, N2L 3V4

Sale Of Business
TRREB
MLS® Number: X13027938
$549,000List Price
Sale Of BusinessProperty Type
4,108 sq ftSize
EntertainmentBusiness Type
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Property Location

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Listing History

Buy/sell history for 494 Albert Street, Waterloo, ON N2L 3V4

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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 at least 6 future high-rise residential towers to be built directly across the plaza, creating tremendous future traffic and customer growth potential. Seller Support Available: Seller willing to assist interested buyers with securing commercial financing. Training available to help the buyer continue operating this successful business smoothly. Great opportunity for entrepreneurs to take over a growing, high-demand entertainment concept in a vibrant community.

Features

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Amenities

No amenities available

Summary

Listing #:X13027938
Property Type:Sale Of Business
Size:4,108 sq ft
Days on CPRB:
Garage:Plaza
Locker:None
On CPRB Since:
Listing Brokerage:HC REALTY GROUP INC.

Rooms

Details

Property

Property Type:Sale Of Business
Municipality:Waterloo

Building

Size:4,108 sq ft

Inside

Bedrooms:0
Bathrooms:3
Kitchens:0
Family Room:No

Parking

Garage Type:Plaza
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:Yes
Heating Type:Gas Forced Air Open

Land

Cross Street:Albert St & Hazel St

$549,000

List price

494 Albert Street, Waterloo – Sale Of Business for sale · MLS® # X13027938