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Apartment Building For Sale at 208 GILES BLVD E in Windsor, Ontario

updated
4 Sale ID #221153
Updated 07 May 2024

Asking Price

$1,799,000

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

Lot Size

N/A

Building Size

N/A

Premise Summary

SOLID 11 UNIT BUILDING IN A DESIRABLE WINDSOR NEIGHBOURHOOD, BEHIND THE WINDSOR REGIONAL HOSPITAL. ALL UNITS FEATURE 1 BEDROOM, 1 BATHROOM, EAT-IN KITCHEN, AND SPACIOUS LIVING ROOM. ALL TENANTS PAY THEIR OWN SEPARATELY METERED HYDRO. ADDITIONAL INCOME FROM COIN OP LAUNDRY AND PARKING. CLOSE TO SCHOOLS, SHOPPING, PARKS, RESTAURANTS AND PUBLIC TRANSIT. 5 UNITS CURRENTLY ON MONTH TO MONTH LEASE AND CAN BE VACANT. **** EXTRAS **** DO NOT GO DIRECTLY TO BUILDING. VTB AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS AVAILABLE UPON REQUEST (id:39198)

  • MLS® : #X8192598
  • Date Listed : 01 Apr 2024

Location

Province

Ontario

City

Windsor

Address

208 Giles Blvd E

Postal Code

N9A4C2

Location Highlights

N/A

Listed by

CITYSCAPE REAL ESTATE LTD. Ontario listing

Category

apartment-buildings

Property Information

Premise Status

Includes REAL ESTATE

With Accommodation

N/A

Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

0

Year Built

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Years Remaining in Current Lease Term

N/A

Renewal Options

N/A

Operational Information

Number of Working Owners

N/A

Current Owner - years

N/A

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

$1,799,000

Asking Price

$1,799,000

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)

0

Other Information

Owner willing to Finance

No

Absentee Owner

No

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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