600 Rue Eastern 8,000 SF 100% Leased Retail Building Waterloo, QC J0E 2N0 $1,699,900 CAD ($212.49 CAD/SF)

This distinctive 3-story commercial property at 600 Rue Eastern in Waterloo provides a rare investment opportunity blending heritage, income potential, and vast development options. Built in 1875, the building has operated as a rooming house since 1989 and generated gross revenues of $261,000 in 2023 with projected $287,000 in 2024. The property features approximately 8,000 square feet of interior space and sits just steps from convenient highways, offering easy connectivity to Sherbrooke, Montreal, and the renowned Estrie region.
The lot spans over 12 acres and includes a maple grove, walking trails, and extensive green space, creating an outstanding setting for future concepts such as recreational facilities, a wellness retreat, agrotourism ventures, urban gardens, or sports facilities. The building’s established infrastructure includes multiple workstations, private rooms, meeting areas, and a commercial kitchen, complemented by fiber-optic connectivity and modern fire safety systems installed in 2023. Outdoor amenities further enhance value with paved parking for multiple vehicles and a detached garage. Positioned minutes from Autoroute 10, this property offers investors an exceptional combination of income stability and long-term upside for redevelopment in a thriving regional market.