494 Albert St is a 3-bathroom business in Waterloo, listed for $486,000.
1Strong 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.
2Located in a busy plaza with excellent exposure, abundant parking, and easy access.
3Close 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.
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3 Bath Commercial Property in Waterloo
About 494 Albert Street
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.
Waterloo business priced at $486,000 — book a tour to see if it fits your search.
Inside 494 Albert St
Every detail from the listing, in one place.
Type
Business
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Sale Of Business
494 Albert St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14139052$486,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 494 Albert St Compares to the Waterloo Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio100.0%On average, homes sold at or above asking.
Active listings382Homes for sale here right now.
Median vs prior 90 days−1.0%Compared with May 6 – Aug 4, 2026: prices down.
Based on 432 sales from Aug 4 – Nov 2, 2026 (297 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 494 Albert St
How much is 494 Albert St listed for?
494 Albert St is listed at $486,000 (MLS® X14139052). Summitly updates the price as soon as the MLS® record changes.
Has the price of 494 Albert St changed?
No — 494 Albert St is still listed at its original asking price of $486,000.
How many bedrooms and bathrooms does 494 Albert St have?
494 Albert St has 3 bathrooms. It is a commercial property in Waterloo.
How does 494 Albert St compare with other homes in Waterloo?
Its asking price of $486,000 is about 31% below the median sold price in Waterloo over the last 90 days, $700,000, across 432 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 494 Albert St been sold before?
Summitly has no earlier MLS® sale or lease of 494 Albert St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 494 Albert St?
494 Albert St is in Waterloo, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 494 Albert St been on the market?
494 Albert St was listed today (November 2, 2026).
What is the land transfer tax on 494 Albert St?
About $6,195 in Ontario land transfer tax at the asking price of $486,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 494 Albert St or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 494 Albert St?
The listing for 494 Albert St doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Waterloo.
When was 494 Albert St built?
The listing for 494 Albert St doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
