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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,690,000
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 well-maintained 11-unit apartment building presents a prime investment opportunity, featuring a balanced mix of 7 two-bedroom units and 4 one-bedroom units, catering to a diverse range of tenants. The property has undergone significant upgrades, including a new roof and windows installed in 2013, ensuring long-term durability and minimizing future maintenance expenses. With a variety of unit sizes, the building offers excellent rental potential, appealing to both affordable and mid-range tenants. The properties manageable scale, coupled with recent improvements, provides a low-maintenance investment with strong cash flow prospects in a growing rental market. This is an ideal opportunity for investors seeking a stable, income-generating asset with minimal ongoing operational demands (id:39198)
Location
Province
Ontario
City
Oakville
Address
169 Maurice Drive
Postal Code
L6K2W8
Location Highlights
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Listed by
HOMELIFE/RESPONSE REALTY INC. 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
10,635
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
N/A
Financial Information
Yearly Rate
$3,690,000
Asking Price
$3,690,000
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)
10,635
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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