3 - 496 ALBERT STREET, Waterloo3 - 496 ALBERT STREET, Waterloo — photo 23 - 496 ALBERT STREET, Waterloo — photo 33 - 496 ALBERT STREET, Waterloo — photo 43 - 496 ALBERT STREET, Waterloo — photo 53 - 496 ALBERT STREET, Waterloo — photo 63 - 496 ALBERT STREET, Waterloo — photo 73 - 496 ALBERT STREET, Waterloo — photo 83 - 496 ALBERT STREET, Waterloo — photo 93 - 496 ALBERT STREET, Waterloo — photo 10
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For Lease · Office

3 - 496 ALBERT STREET, Waterloo

3 - 496 ALBERT STREET, Waterloo, ON N2L3V4

$25 per sq ft / yr

790 SF

Asset Class

Office

Size

790 SF

Building class

A

Zoning

CB2 — Central Business

$ / SF

$0

Occupancy

84%

Lot Size

790 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 3 is 790sqft of finished space including three separate rooms and a storage room. Containing a sink area, and large windows this unit is suited to a small medical or health practitioner office. With some small alternations, the space can be opened up to a larger, bright, co-working space, or keep the smaller rooms for quiet office space or a podcast studio. 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
Occupancy84%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

1.46%

DSCR

1.08

Going-in cap

5.98%

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 Group662 SF2027-08

Area demographics

Trade area within 3 miles of the property.

Population

49,638

Households

18,569

Median income

$118,500

Median age

36

Daytime population

44,878

5-yr growth

9.1%

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

Secure deal room

Confidential diligence documents for 3 - 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.