1/8308 LESTER Street Unit# 107, Waterloo
308 LESTER Street Unit# 107, Waterloo, ON N2L3W7
$388,888 total
466 SF
Asset Class
Retail
Size
466 SF
Building class
C
Zoning
CB1 — Low Intensity Business
$ / SF
$835
Occupancy
90%
Year Built
2018
Lot Size
0 ac
About this property
Prime Retail opportunity as an investor on this tenanted space located in the bustling student area covering University of Waterloo & Wilfred Laurier University campus. unit currently leased to tenants until May 3031 at $2721.60 per month which is a great opportunity. Units offers 466.16 SF located in the heart of the University District in the SAGE Platinum II Building. Buyer to assume tenants and includes 1 parking space. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$2K
Projected NOI
$20K
Annual cash flow
$-2K
Cash-on-cash
-1.31%
DSCR
0.93
Going-in cap
5.15%
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)
| Tenant | Area | Expiry |
|---|---|---|
| Meridian Health Group | 400 SF | 2028-10 |
| Meridian Health Group | 400 SF | 2028-10 |
| Meridian Health Group | 400 SF | 2028-10 |
| Meridian Health Group | 400 SF | 2028-10 |
Area demographics
Trade area within 3 miles of the property.
Population
57,441
Households
20,248
Median income
$132,000
Median age
38.4
Daytime population
83,257
5-yr growth
7.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 308 LESTER Street Unit# 107, Waterloo.
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.