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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,100,000
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
Welcome to 126 Collingwood. This property could be the foundation to any investment portfolio. Situated on one of the most desirable streets in the downtown core. This legal non-conforming duplex offers: Unit 1 - 3 bedrooms + Den, 2 full bathrooms and a full appliance package including in-suite laundry. Unit 2 - 4 bedrooms, 2 full bathrooms, full appliance package including in-suite laundry. The property offers two parking spaces and is fully leased until the end of April 2025 for a total of $7,120. Updates include but are not limited to: New front porch (2018), new gas boiler (2020), new gas water heater (2020) & some new windows. Call today for financial analysis, full list of updates and to book your private showing. (id:39198)
Location
Province
Ontario
City
Kingston
Address
126 Collingwood Street
Postal Code
K7L3X5
Location Highlights
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Listed by
Sutton Group-Masters Realty Inc Brokerage 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
2,508
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
$1,100,000
Asking Price
$1,100,000
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)
2,508
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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