For saleMLS® X14139052

494 Albert Street, Waterloo, ON N2L 3V4

Waterloo · Near Albert St & Hazel St · View map

$486,000
3Baths
4108Sq ft
Sale of businessType
PlazaGarage
NoneParking
$486,000
FreeholdNo monthly condo fee
Plaza garageFrom the listing

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

No features listed yet.

Want to know something that isn’t listed?
Estimated monthly cost$2,264per month, all in
  • Mortgage
  • Property tax

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.

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    494 Albert Street, Waterloo, ON N2L 3V4

    Waterloo · Near Albert St & Hazel St

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    Sold history

    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.

    Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every listing.

    Questions & answers

    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.

    *Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.

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