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Apartment Building For Sale at 1614 RIDGE RD E in Oro medonte, Ontario

4 Sale ID #138569
Updated 30 Apr 2024

Asking Price

$3,359,000

Cap Rate help 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 'Hawkstone Manor' In Old Charm Historical Hawkestone, Oro-Medonte. First Time Offer For Sale After Completing A Full Preservation Of This Unique Century Grand Manor Home And Fully Renovated Suites. Stunning Curb Appeal With Keystone Brick, Soaring Ceilings, Exquisite Trim Work & Superior Interior Finishes. Ensuite Laundry, Fireplace. The Building Features State Of The Art Mechanical Systems And Offers The Most In Home Comfort And Efficiencies. 7 fireplaces. Metal roof. Fully spray-foam insulation. New glazing & doors. New paved driveway. All units are separately metered for hydro & separate Water purifications systems & hot water heater per unit. New HVAC, Electrical, Fire security, well & septic systems. This 4 Storey Dwelling Has 5 Executive Suites (See Schedule For Each Floor Plan). This Is A Lifestyle Building With Exceptional Finishes Both In And Out. This Along With Manicured & Groomed Grounds Welcome The Most Discerned Investor, Occupants And Guests! **** EXTRAS **** Unlike any other 5 plex building - Huge estate manor (over 6,000 square feet) on just under an acre of property. Exceptional investment that is 'turn key', fully renovated & free form any future capital improvements. (id:39198)

  • MLS® : #S6142848
  • Date Listed : 13 Jun 2023

Location

Province

Ontario

City

Oro medonte

Address

1614 Ridge Rd E

Postal Code

L0L1T0

Location Highlights

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Listed by

CENTURY 21 FINE LIVING REALTY INC. Ontario listing

Category

apartment-buildings

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

N/A

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$3,359,000

Asking Price

$3,359,000

Cap Rate help 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.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

N/A

Gross Revenue- annual

N/A

Cash Flow - annual help 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)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

6,000

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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