B107 - 62 BALSAM Street
Waterloo, Ontario
1,191 sqft • Retail
BRAND NEW 1191 square foot single level COMMERCIAL CORNER UNIT – STEPS FROM LAURIER & UNIVERSITY OF WATERLOO! RN-6 zoned unit with endless potential! Uses include: Restaurant, Take-Out, Café, Bake Shop, Child Care, Medical, Office, Retail, Personal Service, and more. Located within the Sage complex right in the heart of Waterloo’s student district, surrounded by over 60,000+ students — all within walking distance. This is prime exposure with built-in foot traffic every single day. Highlights: On-site visitor parking — rare for this area! Steps from student residences and campus life. Flexible zoning allows multiple high-demand business types. Ideal for investors or entrepreneurs — unbeatable visibility and growth potential. Opportunity is knocking — whether it’s a café, retail shop, or clinic, this unit is ready to become a daily destination for thousands. Brand new. Prime location. Limitless potential.
Price History
Schools
Secondary
- Waterloo Collegiate Institute0.3 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
- St David Catholic Secondary School0.8 km
Catholic · Waterloo CDSB · 1080 students
Grade 10 literacy: 97% met the provincial standard
- Bluevale Collegiate Institute2.4 km
Public · Waterloo Region DSB · 1115 students
Grade 10 literacy: 88% met the provincial standard
Elementary
- MacGregor Public School0.7 km
Public · Waterloo Region DSB · 510 students
- Winston Churchill Public School1.1 km
Public · Waterloo Region DSB · 320 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 56% met the provincial standard
- ÉÉC Mère-Élisabeth-Bruyère1.7 km
French Catholic · CS catholique MonAvenir · 220 students
Grade 3 reading: 84% met the provincial standard · Grade 6 math: 68% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N2L
- Population
- 37,953
- Private dwellings
- 19,681
- Median age
- 29.8
- Average household size
- 2.2
- Median household income
- $69,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Retail in Waterloo · last 12 months
- Median sold price
- $691,000
- Homes sold
- 1,040
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,040 recorded sales of retail properties in Waterloo over the last 12 months.
Location
Street View
Mortgage Calculator
$69,980
Estimated Monthly Payment
$1,719
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,719/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $87/mo
Estimates only. Consult a financial advisor.
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