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For saleNew listingMLS® X14139052

494 Albert Street, Waterloo, ON N2L 3V4

$486,000

$118 / sq ft

2 days on market

Bathrooms
3
Total area
4,108 sf
0

What's special

  • Plaza garage
  • Yes

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About this property

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.

Property details

Property

Property type
business
Bathrooms
3
Interior size
4,108 sq ft
Zoning
Commercial
Possession
Flexible

Interior

Heating
Gas Forced Air Open
Cooling
Yes

Exterior & services

Garage
Plaza

Costs

List price
$486,000
Price per sq ft
$118
Rental items
N/A

Listing

MLS® number
X14139052
Status
For sale
Listed
November 2, 2026
Days on market
2
Last updated
November 2, 2026
Listing brokerage
HC REALTY GROUP INC.

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced above most comparable listings — about 83% of comparable business for sale listings in Waterloo are asking less.

$103KMedian $250K$499K
This home
$118 / sq ft
Comparable median
$121 / sq ft

Based on 23 comparable active business for sale listings in Waterloo. These are asking prices, not sale prices.

Mortgage estimate

Down payment5.0% · minimum $24,300
$24,300
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$2,552.82
Estimated monthly
$2,553

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$6,195
Total due on closing
$6,195

An estimate on the asking price of $486,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of HC REALTY GROUP INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$486,000

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