1/862 BALSAM Street Unit# H104, Waterloo
62 BALSAM Street Unit# H104, Waterloo, ON N2L3H2
$600,000 total
982 SF
Asset Class
Specialty
Size
982 SF
Building class
B
Zoning
US — Urban Services
$ / SF
$611
Occupancy
88%
Year Built
2015
Lot Size
0 ac
About this property
A commercial unit with 982 SFT is available for SALE. It is located in a student residential area close to Wilfred Laurier University, walkable to University of Waterloo, Conestoga Colleage Waterloo campus, and Waterloo Colleagiate Institute. Facing west from Larch st which has Woonerf design. Front side is all glass for maximum visibility. Washroom is located the back. Many uses are permitted as per NMU-6 mixed use Zoning such as Bake Shop, Cafe, Medical Clinic, pharmaceutical Dispensary, Child Care Centre, Retail shop, Office, Personal Service, etc. Previusly Indian grocery store was operated. At present Indian grocery and convenience store, Medi Spa and Skin Care, Nails, Barber, Ear care, Chinese Restaurant in this building and another restaurant, burgershop, vape shop in another building of the same condo. Lot of student housing buidings around. One parking spot comes with the unit. Buyer to check the propspective business use with the City and Condo. Currently vacant. Easy to show. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$34K
Annual cash flow
$268
Cash-on-cash
0.15%
DSCR
1.01
Going-in cap
5.59%
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 |
|---|---|---|
| Aurora Legal LLP | 597 SF | 2030-02 |
| Aurora Legal LLP | 400 SF | 2030-02 |
| Aurora Legal LLP | 400 SF | 2030-02 |
| Aurora Legal LLP | 400 SF | 2030-02 |
Area demographics
Trade area within 3 miles of the property.
Population
67,682
Households
29,241
Median income
$124,500
Median age
37
Daytime population
92,576
5-yr growth
7.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 62 BALSAM Street Unit# H104, 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.