ON > Waterloo
Waterloo, ON N2V 1A2,632 Colby Drive
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Waterloo, ON N2V 1A2,632 Colby Drive
Waterloo, ON N2V 1A2,632 Colby Drive
Waterloo, ON N2V 1A2,632 Colby Drive
Waterloo, ON N2V 1A2,632 Colby Drive
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Caroline Marshall

Caroline Marshall

+1(705) 388-1792
$ 5,120,000
Est. payment /mo
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Active

632 Colby Drive Waterloo, ON N2V 1A2

16,000 SqFt

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 $320

MLS Listing ID 40768944

Abv Grd Liv Area 16,000

Annual Tax Amount $34,060

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 NOI of approximately $293,000, providing stable cash flow for investors. 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

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

Listed by COUPAL MARKOU COMMERCIAL REAL ESTATE INC.
Caroline Marshall

Caroline Marshall

+1(705) 388-1792

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632 Colby Drive