$569,900
$569,900
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280 Lester Street #111 Waterloo, ON N2L 0G2
810 SqFt
Key Details
Sold Price $569,900
Property Type Commercial
Sub Type Building Only
Listing Status Sold
Purchase Type For Sale
Square Footage 810 sqft
Price per Sqft $703
MLS Listing ID 40841759
HOA Fees $627/mo
Year Built 2017
Annual Tax Amount $8,987
Property Sub-Type Building Only
Property Description
Exceptional commercial investment opportunity in Waterloo's thriving university district. This 810 sq. ft. corner unit is ideally located within walking distance of the University of Waterloo and Wilfrid Laurier University, offering excellent visibility and consistent foot traffic. Currently leased to BerryBir & Beans Restaurant at $3,000 + HST/month (rent increases by 3% each year) plus $627.14 of monthly condo fee and utilities until September 30, 2028 with another 3 years renewal option, providing stable income and strong cash flow. Previously operated as a successful restaurant, this turnkey investment includes one parking space(#51) and offers outstanding long-term growth potential.
Location
Province ON
County Waterloo
Area 4 - Waterloo West
Zoning GR
Rooms
Kitchen 0
Exterior
Parking Features Asphalt, Guest
Garage Description Surface
Utilities Available Electricity Connected, Natural Gas Connected, Street Lights, Phone Connected
Building
Lot Description Business Centre, Highway Access, Hospital, Public Transit, Schools
Story 1
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick,Metal/Steel Siding
New Construction No
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