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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,650,000
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
The Tiffany is the sale of all 16 units in Condominium Plan 0913575. There are 16 furnished suites - 2 Studio and 14 1 BR with new furniture and appliances. This is an excellent location in Lower Mount Royal within walking distance to all the amenities that 17th Ave SW, 4th St SW and the downtown core have to offer. The Tiffany is a well maintained property with recent mechanical upgrades, new water heater (2021), roof repairs (2023), new commercial exterior doors and locks and additional insulation added to the roof in the cantilevered parking. To top it off there is an assumable mortgage with very favorable terms. See the mortgage details in the supplements (id:39198)
Location
Province
Alberta
City
Calgary
Address
1916 8 Street Sw
Postal Code
T2T2Z3
Location Highlights
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Listed by
Michael Fleming Realty Corp. Alberta 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
12,557
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
$3,650,000
Asking Price
$3,650,000
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)
12,557
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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