494 Albert Street, Waterloo, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Waterloo. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $549,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 3 Bathrooms
- Spacious lot size measured in Feet
- Convenient plaza garage included
- equipped with yes central cooling and highly efficient gas forced air open heating
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.
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Property Summary
This sale of business located at 494 Albert Street, Waterloo is currently for sale and has been available on SousaSells for 148 days. This property is listed at $549,000 with an estimated mortgage of $1,827* per month. It has 0 beds, 3 bathrooms, and is unknown square feet. 494 Albert Street, Waterloo
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Waterloo.
- •3 well-appointed bathrooms
- •Desirable Sale Of Business architecture in Waterloo
First-time home buyers, professionals, or investors seeking value.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
None listed
Security Features
None listed
Community Features
None listed
Property History
No historical data available for this property.
This could be the first listing for this address.
Looking to Buy a Home in Waterloo?
If you are looking for a house in Waterloo or researching Waterloo real estate for sale, this sale of business at 494 Albert Street, Waterloo, ON offers an exceptional opportunity to buy a home in Waterloo, Ontario. Whether you are a first-time Waterloo home buyer or comparing active Waterloo MLS® homes for sale, working with a dedicated Waterloo buyer agent ensures you receive priority showing access, unrepresented buyer protection, and aggressive price negotiation.
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Under Ontario REBBA/TRESA regulations, the listing brokerage is legally bound to the seller's financial interests. Work with an experienced Waterloo realtor & real estate broker who represents you 100%—at zero cost to you as a buyer.
Waterloo Buyer Budget & Costs
Estimated mortgage: $1,827*/month*. Estimated Ontario Land Transfer Tax: $7,455. First-time Waterloo home buyers may qualify for up to $8,475 in rebates.
Frequently Asked Questions: Buying a Home in Waterloo
Frequently Asked Questions about 494 Albert Street, Waterloo, ON
Q.What is the asking price for 494 Albert Street, Waterloo, ON ?
The current listing price for 494 Albert Street, Waterloo, ON in Waterloo is $549,000.
Q.How many bedrooms and bathrooms does this property have?
This property features null bedrooms and 3 bathrooms.
Q.What property type and architectural style is 494 Albert Street, Waterloo, ON ?
494 Albert Street, Waterloo, ON is a Sale Of Business () featuring a basement.
Q.What heating and cooling systems are installed?
Heating is provided via standard central heat and cooling via Yes.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Waterloo, Waterloo
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Pricing & Value Insights
Data-driven valuation for 494 Albert Street, Waterloo, ON N2L 3V4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Waterloo, ON
For a property listed at $549,000 in Waterloo, the legal minimum down payment is $29,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,455 for this transaction. As this listing is in Waterloo (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $7,455.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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