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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$774,900
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
* PREC - Personal Real Estate Corporation. Substantially rebuilt in 2017 this gorgeous multifamily home is nestled on 5 acres just a short distance from Lakelse Lake between Terrace and Kitimat. Ideal for those working in Kitimat but have Terrace ties, this home offers modern beauty and country living in one package. Two one-bedroom units below are currently tenanted, and upstairs is currently configured as a very spacious 2 bedroom with a 1-bedroom Bachelor suite, but with the unlocking of a door, becomes one very spacious 3 bedroom, with an ensuite in the Primary! This building and property is in exceptional condition, with newer well and septic making services simple and worry free! Investors this provides excellent returns, and if you want a home with two to three mortgage helpers, look no further! (id:39198)
Location
Province
British Columbia
City
Terrace
Address
1121 Old Lakelse Lake Drive
Postal Code
V8G0G5
Location Highlights
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Listed by
Royal LePage Aspire Realty (Terr) British Columbia listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
3,150
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$774,900
Asking Price
$774,900
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
3,150
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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