6 - 496 ALBERT STREET, Waterloo6 - 496 ALBERT STREET, Waterloo — photo 26 - 496 ALBERT STREET, Waterloo — photo 36 - 496 ALBERT STREET, Waterloo — photo 46 - 496 ALBERT STREET, Waterloo — photo 56 - 496 ALBERT STREET, Waterloo — photo 66 - 496 ALBERT STREET, Waterloo — photo 76 - 496 ALBERT STREET, Waterloo — photo 86 - 496 ALBERT STREET, Waterloo — photo 96 - 496 ALBERT STREET, Waterloo — photo 106 - 496 ALBERT STREET, Waterloo — photo 11
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For Lease · Office

6 - 496 ALBERT STREET, Waterloo

6 - 496 ALBERT STREET, Waterloo, ON N2L3V4

$25 per sq ft / yr

1,369 SF

Asset Class

Office

Size

1,369 SF

Building class

B

Zoning

DC1 — Direct Control

$ / SF

$0

Occupancy

97%

Lot Size

1369 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 6 is 1,369 sq ft of finished space including two offices with large windows, and a third expansive open space that was previously used as a dance studio with partial rubber floor, and a mirrored wall. This unit could easily be a dance or yoga studio, and with some small alterations could have multiple uses including more designated office space. 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
Occupancy97%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$2

Annual cash flow

$0

Cash-on-cash

6.66%

DSCR

1.36

Going-in cap

7.54%

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
Meridian Health Group481 SF2027-01
Meridian Health Group848 SF2027-01

Area demographics

Trade area within 3 miles of the property.

Population

133,643

Households

55,839

Median income

$119,000

Median age

32.1

Daytime population

210,944

5-yr growth

3%

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

Secure deal room

Confidential diligence documents for 6 - 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.