Space

1,514

Square Feet

About Unit 114

The suite faces Hickory street, right around the corner from of the University of Waterloo and Wilfrid Laurier University. Sage 5 offers prime real estate in one of Waterloo's most densely populated areas. The building will be completed September 2016. All residential units are sold and leased out, tenants will be moving in September 1st, 2016. Some important facts to consider: 1) There are over 5,100 beds within a kilometer radius. 2) Only 20% of students have cars, which means lots of foot traffic. 3) We are the only developer that offers residential, retail, and office space in the area. You have the option to purchase or lease the property. 4) All of our residential units have been sold, as a result you get to take advantage of the hundreds of individuals who reside above your business. Retail space within walking distance of the University of Waterloo and Wilfrid Laurier University is in very short supply. By incorporating these spaces into our developments, Sage Condos is providing business owners with the opportunity to capitalize on the densely populated market. The city of Waterloo has approved a plan for high-density living in the surrounding area, which will make this space increasingly valuable in years to come. Sage Condos offers luxury and brand new accommodations for all residents in the area. Students make up 50% of our tenants and many are upper-year or grad students. Over the last 10 years, the student population has doubled in Waterloo and will continue to be the fastest-growing segment of the population. Young professionals and young couples working in the nearby tech park also represent a large portion of the demographic.

  • Base building
  • Outdoor signage
  • Private Offices
  • Est. Monthly Rent: $4,163
  • Sale Price: $529,900
  • Net Operating Income: $333
  • Size 1,514 SF
  • Type Retail (Street front)
  • Gross Rent $33.00/SF
  • Base Rent $22.00/SF
  • Additional Rent $11.00/SF
  • Lease Direct
  • Availability Now
  • Max Contiguous 2,898 SF
  • Last Updated Feb 29, 2016
  • Verified On Mar 21, 2016
  • Source Listing Contact

About Sage 5

Located on one of Waterloo's most densely populated street, Sage 5 offers prime commercial space and is located within minutes of both The University of Waterloo and Wilfrid Laurier University​.

  • Dedicated parking
  • Transit friendly
  • Property Type Retail
  • Zoning NMU-8
  • Status Under Construction
  • Total Available Space 30,000 SF
  • Direct Available Space 30,000 SF
  • Sublet Available Space 0 SF
  • Min Divisible 0 SF
  • Max Contiguous 0 SF
  • Building Size 30,000 SF
  • Year Built 2016
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