494 Albert Street, Waterloo, ON N2L 3V4
Waterloo · Near Albert St & Hazel St · View map
About this home
Thriving Waterloo Entertainment Venue For Sale - One of the City's Best-Equipped Entertainment Destinations! Highly popular since 2013 and well-loved by the local community, this established all-in-one entertainment destination features Indoor Golf, Pool Hall, Table Tennis, and a Licensed Bar, making it a go-to gathering spot for customers of all ages. Strong local recognition with a 4.4/5 Google rating.Offering 4,108 Sq Ft on the main level plus an additional 4,000+ Sq Ft basement, totalling over 8,000 Sq Ft of usable space. Low Rent of $7,985.81/Month (Including TMI & HST). Current lease runs until August 31, 2028, with one 5-year renewal option. Water included at no extra cost. Over $170,000 in recent upgrades, including: 2 Premium Golfzon Vision Plus Golf Simulators (upgraded in 2023, cost over $68,000) ; 6 Tournament-Grade Pool Tables (upgraded at the end of 2024, cost over $40,000); Brand New Tournament-Grade Shadowless Pool Table Lighting (installed at the end of 2024, cost over $20,000); New Carpet Throughout (installed in 2024, cost over $40,000) ; Plus additional equipment and improvements. Located in a busy plaza with excellent exposure, abundant parking, and easy access. Close to University of Waterloo, with multiple high-rise residential towers to be built directly across the plaza, creating tremendous future traffic and customer growth potential. Seller training and transition support available to ensure a smooth handover to the new owner. Fully equipped and ready for operation. Great opportunity for entrepreneurs to take over a growing, high-demand entertainment concept in a vibrant community.
The home
- Type
- Sale of business
- Square footage
- 4108 sq ft
- Bathrooms
- 3
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Open
- Air conditioning
- Yes
Garage & parking
- Garage
- Plaza
- Total parking
- None
Taxes & other
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Albert St & Hazel St
More
- MLS® number
- X14139052
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
494 Albert Street, Waterloo, ON N2L 3V4
Waterloo · Near Albert St & Hazel St
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Listing history for 494 Albert Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 494 Albert Street
Answers come straight from this home’s MLS® listing.
How much is 494 Albert Street listed for, and what would it cost each month?
494 Albert Street is listed for $486,000. With 20% down ($97,200), the mortgage payment would be roughly $1,960 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $2,264 a month, all in. That figure is an illustration, not a quote.
Is 494 Albert Street freehold or a condo, and is there a monthly fee?
494 Albert Street is a sale of business in Waterloo. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 494 Albert Street have a garage and parking?
Yes. The listing shows the garage as plaza. The listing does not include a parking space.
What style of home is 494 Albert Street?
494 Albert Street is a sale of business. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How is 494 Albert Street heated and cooled?
Heating is gas forced air open. Cooling is yes.
Where is 494 Albert Street?
494 Albert Street is in Waterloo. The nearest main intersection is Albert St & Hazel St. The postal code is N2L 3V4.
Is 494 Albert Street still for sale?
Yes. It is an active listing (MLS® X14139052). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 494 Albert Street asking?
Similar properties for sale nearby right now include 3 - 330 Phillip Street at $499,000, H-5 - 584 Weber Street N at $499,000 and 1 - 347 Erb Street W at $529,900. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 494 Albert Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 494 Albert Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Waterloo, picked by style, size and price.
Sale of business$499,0003 - 330 Phillip Street, Waterloo2 bathCourtesy of: JDL REALTY INC.View home →
Sale of business$499,000H-5 - 584 Weber Street N, WaterlooCourtesy of: HOMELIFE MAPLE LEAF REALTY LTD.View home →
Sale of business$529,9001 - 347 Erb Street W, WaterlooCourtesy of: ROYAL LEPAGE IGNITE REALTYView home →Courtesy of: HC REALTY GROUP INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.