632 Colby DR, Waterloo, ON N2V 1A2
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Ivan Gascho

Ivan Gascho

+1(519) 573-7440
$ 4,700,000
Est. payment /mo
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Active

632 Colby DR Waterloo, ON N2V 1A2

16,000 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 16,000 sqft

Price per Sqft $293

MLS Listing ID 40867645

Abv Grd Liv Area 16,000

Annual Tax Amount $34,845

Lot Size 1.003 Acres

Acres 1.003

Property Sub-Type Building and Land

Source Cornerstone

Property Description

632 Colby Drive is a 16,000 SF multi-tenanted industrial property offering nine individually metered units ranging from 1,000 - 4,000 SF. Constructed in the mid - 1980's, each unit features 16 ft clear ceiling height, one to two drive - in doors per unit, upgrade electrical panels and transformers, and many include mezzanine storage. The property generates a projected NOI of approximately $303,000, providing stable cash flow for investors / owner users. Clean Phase II ESA, high 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, Ample Parking, Highway Access, 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

Listed by COUPAL MARKOU COMMERCIAL REAL ESTATE INC.

NEARBY SCHOOL & BUSINESS

Ivan Gascho

Ivan Gascho

Broker License ID: 5015171

+1(519) 573-7440

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632 Colby DR