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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
Introducing an exceptional investment opportunity in one of CENTRETOWN’S BEST LOCATION just steps away from Bank Street's vibrant amenities. This well-maintained Triplex exudes Victorian charm and modern convenience. Comprising one 2-bedroom, one LARGE 1-bedroom, and one lovely bachelor unit. Updates throughout along with high ceilings, hardwood floors, and inviting balconies, each unit offers a blend of character and comfort. Three parking spaces at the rear of the property ensure hassle-free parking for residents. UPDATES INCLUDE: kitchens and bathrooms in units 1 & 2 (2020 & 2023), owned hot water tank (2023), some windows and flooring and more! Whether you are expanding your portfolio or considering owner-occupancy with rental income potential, this Triplex on Flora Avenue offers the perfect blend of location and opportunity. Do not miss out on this rare chance to own a piece of Centretown's finest real estate. Schedule your viewing today! (id:39198)
Location
Province
Ontario
City
Ottawa
Address
128 Flora Street
Postal Code
K1R5R5
Location Highlights
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Listed by
RE/MAX HALLMARK REALTY GROUP 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
$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)
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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