632 Colby Drive, Waterloo, ON N2V 1A2
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Isaac Rosebrugh

Isaac Rosebrugh

+1(519) 754-6611
$4,950,000
Est. payment /mo
16,000 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial,Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 16,000 sqft

Price per Sqft $309

MLS Listing ID 40812843

Abv Grd Liv Area 16,000

Annual Tax Amount $34,845

Lot Size 1.003 Acres

Acres 1.003

Property Sub-Type Industrial,Building and Land

Source Cornerstone

Property Description

632 Colby Drive is a 16,000 SF multi-tenant industrial property offering nine individually metered units ranging from 1,000 to 4,000 sq. ft. Constructed in the mid-1980s, each unit features 16 ft clear ceiling height, one to two drive-in doors per unit, upgraded electrical panels and transformers, and many include mezzanine storage. The property generates a projected NOI of approximately $300,000, providing stable cash flow for investors / owner users. Additional highlights include a clean Phase II ESA, a quality surveillance system, and 65 on-site parking stalls. Situated just off Northfield Drive with direct access to Highway 8, this turnkey asset combines strong financial performance with an excellent location in Waterloo's established industrial corridor.

Location

Province ON

County Waterloo

Area 4 - Waterloo West

Zoning E3-27

Direction Located on Colby Drive, near King Street N and Northfield Drive W.

Rooms

Basement None

Kitchen 0

Interior

Fireplace No

Exterior

Lot Frontage 180.45

Lot Depth 249.9

Garage No

Building

Lot Description Irregular Lot, Industrial Park, Other

Faces Located on Colby Drive, near King Street N and Northfield Drive W.

Story 1

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 1

New Construction No

Others

Senior Community false

Tax ID 222810103

Ownership Freehold/None

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Listed by COUPAL MARKOU COMMERCIAL REAL ESTATE INC.

NEARBY SCHOOL & BUSINESS

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Isaac Rosebrugh

Isaac Rosebrugh

+1(519) 754-6611

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