7 - 496 ALBERT STREET, Waterloo7 - 496 ALBERT STREET, Waterloo — photo 27 - 496 ALBERT STREET, Waterloo — photo 37 - 496 ALBERT STREET, Waterloo — photo 47 - 496 ALBERT STREET, Waterloo — photo 57 - 496 ALBERT STREET, Waterloo — photo 67 - 496 ALBERT STREET, Waterloo — photo 7
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For Lease · Office

7 - 496 ALBERT STREET, Waterloo

7 - 496 ALBERT STREET, Waterloo, ON N2L3V4

$25 per sq ft / yr

1,171 SF

Asset Class

Office

Size

1,171 SF

Building class

B

Zoning

CB2 — Central Business

$ / SF

$0

Occupancy

87%

Lot Size

1171 ac

About this property

Prime location in Waterloo close to both Universities, Tech Parks and Business Parks, on a major bus route and in an area seeing future development, the offices at 496 Albert St, couldn't offer you better visibility! With a large parking lot suitable for all clients and guests, and great signage, the Parkdale Plaza really is the best home for your business. Unit 7 is 1,1171 sq ft of finished space including two, enclosed offices, and a large open space in-between. Big windows flood this corner office with light. Great opportunity to create a space that is right for you! More office space could be created easily, or utilize the open space for team meetings, co-working, or special events. The possibilities are endless! Join the many other vibrant businesses in this plaza: Dollarama, Pizza Pizza, Homestyle Diner, iDarts, Water Depot, the Grocery Store, Mortgage agents, Realtors, Insurance Agents, Driver Training and First Aid Training. Check it out today! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$25
Down payment30% · $8
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$2

Annual cash flow

$0

Cash-on-cash

2.66%

DSCR

1.14

Going-in cap

6.34%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Prairie Coffee Roasters400 SF2031-12
Prairie Coffee Roasters684 SF2031-12

Area demographics

Trade area within 3 miles of the property.

Population

136,011

Households

53,823

Median income

$119,500

Median age

33.5

Daytime population

153,598

5-yr growth

8.2%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 7 - 496 ALBERT STREET, Waterloo.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.