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    For Sale - 494 Albert Street, Waterloo, Ontario

    Est payment $2,636/mo
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    Views   1
    Time on Jump  73 day

    AI Summary *

    • Popular entertainment venue with indoor golf, pool, table tennis, and a bar.
    • Over 8,000 Sq Ft of usable space for diverse activities and events.
    • Strong community support with a 4.4/5 Google rating since 2013.
    • Prime location in a busy plaza with excellent exposure and parking.
    • Recent upgrades of over $170,000 enhance the venue's offerings and appeal.




    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 2024,000) ; plus additional equipment and improvements. Located in a busy plaza with excellent exposure, abundant parking, and easy access. Close to university of waterloo, with at least 6 future high-rise residential towers to be built directly across the plaza, creating tremendous future traffic and customer growth potential. Seller support available: seller willing to assist interested buyers with securing commercial financing. Training available to help the buyer continue operating this successful business smoothly. Great opportunity for entrepreneurs to take over a growing, high-demand entertainment concept in a vibrant community.
    Listing IDX13027938
    Address494 Albert Street
    CityWaterloo, Ontario
    Price$549,000
    Bath3 Full
    StyleSale Of Business
    TypeBusiness
    StatusFor Sale

    Subtype Sale Of BusinessBasement 1Heating / Cooling Gas Forced Air Open

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    Listing Agency:  HC REALTY GROUP INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    494 Albert Street
    Waterloo , Ontario
    3 $549,000
    Get more info