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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,495,000
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
Uncover an extraordinary investment opportunity with this unique mixed rooming house featuring 25 units in total. Comprising 15 bachelor units with shared amenities including three kitchens, three full baths, and two communal living spaces, as well as 10 fully independent one-bedroom units, this property offers exceptional flexibility and income potential. Nestled in a prime location mere steps from Rideau Centre, the University of Ottawa, parks, and an array of attractions, this represents one of the city's most robust rental sectors. Don't miss your chance to explore this must-see investment property, which promises excellent returns in an unbeatable location. (id:39198)
Location
Province
Ontario
City
Ottawa
Address
119 Daly Avenue
Postal Code
K1N6E6
Location Highlights
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Listed by
AVENUE NORTH REALTY INC. Ontario 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
0
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
$3,495,000
Asking Price
$3,495,000
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)
0
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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