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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,599,000
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
This incredible Multi-Unit property is as full of character and charm as it is History!! If you have been waiting for the perfect property to invest in, in the perfect location...your wait is over! This stunning and historic 3 unit property is perfectly located on the upscale Brenton Street which corners off of Spring Garden Road, just steps to the VG Hospital on South Park St, walking distance to Universities and Downtown Halifax, and is part of the famous Schmidtville District that is highly sought after and hard to acquire. One unit is currently a 3 level town house with the top floor offering 2 huge bedrooms and a full bath. The main floor offers both a spacious Living Room and Den or Bedroom with 9ft ceilings, 1/2 bath, bright Kitchen, and an amazing Sunroom looking over the incredible park-like yard that you normally would never find this close to Downtown. The bottom level offers an Inlaw Suite with Living Space, KItchen, full bath, workshop, shared Laundry, and a Den. The second Unit has 2 one bedroom apartments with the main level and finished basement as one apartment and the 2nd floor as another. The possibilities are endless with a property of this size and in this prime location. You can live in one and have the income property attached or rent them all! This is a once in a lifetime opportunity to invest in the ever growing city of Halifax and this South End Beauty might just be the best investment you have ever made! (id:39198)
Location
Province
Nova Scotia
City
Halifax
Address
1325/1329 Brenton Street
Postal Code
B3J2K5
Location Highlights
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Listed by
EXIT Realty Inter Lake Nova Scotia 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
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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
$1,599,000
Asking Price
$1,599,000
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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