Condo commercial unit for sale close to both University (U of W & WLU) - It is professionally finished great for services , fast food and restaurant. 1250 sqft with handicap bathroom and kitchenette. The ceiling spray painted. Current tenant is month to monthMore details
This unique property has served as both a live-work space for over 20 years and is now ready for its next chapter. Whether you’re looking to continue using it as a combination business and residence, convert it back to a sole residential property, or transform it into an office building, the possibilities are endless! Key Features: Zoning Flexibility (D3 Zoning) uses (Craftsman Shop,Dwelling Unit,Health Clinic,Home Business ,Home Day Care,retail,restaurant).Restaurant).Commercial Storefront: Formerly a pawn shop, this high-visibility storefront offers excellent exposure for any business venture. 4-Bedroom Unit Upstairs: Spacious living quarters or potential office space, providing convenience and flexibility.Finished attic. Prime Location: Located directly across from the Kitchener Farmers Market, this property boasts great foot traffic and visibility. Renovation Potential: Perfect for renovators looking for a project to bring this property back to its full potential and benefit from rental income or personal use. If you’re looking for a smart investment and business opportunity in a bustling area, this is the one!More details
This unit is currently tenanted with a lease (5 years) in place until November 2028, and rent escalates annually from $4,350.50/month now to $5,791.25/month in the final year. Net annual income averages ~$40,293 over the next 3.5 years, resulting in a strong ~6.21% cap rate. There is a 5 year renewal option in the lease.
Given the location, secure cash flow, and minimal upkeep, this property would appeal greatly to passive investors.
Why Invest?
- Long-term, escalating lease in place
- Low operational burden
- Strong rental growth outlook
- Located in high-demand core
Perfect for hands-off investors seeking passive income and asset appreciationMore details
Prime Retail opportunity as an investor on this tenanted space which is currently operating as a Tea Shop with a full 5 year lease and a renewable option for 5 year lease term located in the bustling student area covering University of Waterloo & Wilfred Laurier University campus. unit currently leased to tenants which is a great opportunity. Units offers 460 SF located in the heart of the University District in the newly built SAGE Platinum II Building.More details
Prime Retail opportunity as an investor on this tenanted space which is currently operating as a Spa Operation located in the bustling student area covering University of Waterloo & Wilfrid Laurier University campus. unit currently leased to tenants which is a great opportunity. Units offers 460 SF located in the heart of the University District. Lease expires on December 31, 2027 with 5 year renewal option.More details