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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$895,000
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 beautiful century home is assessed as a Duplex and is zoned R3 so it opens up even more opportunities. The electricity is on Seperate Meters and separate panels. It is currently used as a single family home but it can be converted back to a Duplex with a minimum amount of effort as you can see from the floorplans. Access to the upper suite is via a long staircase from the separate back door to the second floor. The second floor kitchen plumbing is already in place. Laundry for the second floor suite can be set up in the basement. Upper tenant would have access to the rear yard and the Main floor tenants would have the front yard and She-Shed area. Parking is available for 2 spots each for a total of 4 spots. Great location with public transit on Geneva and extra street parking on Maple. This home is in excellent condition, with many updated windows, shingles in 2009 , California shutters, high ceilings. A wonderful property to show. (id:39198)
Location
Province
Ontario
City
St. Catharines
Address
137 Geneva Street
Postal Code
L2R4N7
Location Highlights
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Listed by
MCGARR REALTY CORP, 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
2,360
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
$895,000
Asking Price
$895,000
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)
2,360
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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