494 Albert Street, Waterloo, ON N2L 3V4

Waterloo N2L 3V4 Ontario

MLS: X13027938

$549,000

Added 12 minutes ago | For Sale

Listed by: HC REALTY GROUP INC.

About Property

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

  • House Style:Sale Of Business
  • Bathrooms:3
  • Land Size:
  • Water:Municipal
  • Garage Spaces: /Plaza
  • Driveway:
  • Heating Fuel:
  • Cross Street:Albert St & Hazel St
  • Basement: ,
  • Possession Date:
  • Annual Property taxes:
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Gas Forced Air Open
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X13027938

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