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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,699,000
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
Renovation Opportunity For 9 Units: Capitalize On This Chance To Transform A 6,000 Sqft Structure Into 9 Distinct Living Spaces. This Venture Encompasses A Variety Of Unit Sizes, Ranging From Intimate 430 Sqft Abodes To More Spacious 670 Sqft Two-Bedroom Dwellings. Situated In The Heart Of Downtown Hamilton, Within The D1 Zoning District, This Location Is Characterized By Its Adaptable Policies That Favour Residential Projects. This Endeavour Is Synonymous With A Straightforward Conversion Experience, Making It An Exemplary Choice For Either Investors Or Developers Eager To Explore The Rental Or Boutique Condominium Sector. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
143 Main St E
Postal Code
L8N1G4
Location Highlights
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Listed by
RE/MAX HALLMARK REALTY LTD. 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
6,000
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
$2,699,000
Asking Price
$2,699,000
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)
6,000
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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