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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$559,000
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
Welcome to 232 Beaver Street in Thorold! This legal duplex has been fully renovated and the quality of the work shows. Perfect for investors or first-time home buyers looking for help with mortgage payments. The main floor features a sunroom that can be used for an office or den area, it has been fully insulated and has new tile and windows. The open-concept living room/dining room flows right into the spacious kitchen, which offers new real quartzite stone countertops, Aztec oak custom cabinets, HD ceramic tile floor and s/s appliances. Off of the kitchen, you have a spacious 4 pc bathroom with a jacuzzi tub and custom oak double vanity and an oak cabinet to match. Heading toward the back of the home you have a mud room/laundry room and a separate entrance leading to the partially fenced backyard and detached garage. The two-bedroom apartment upstairs has its own separate entrance and meter. The basement is unfinished, just waiting for your creative touches or a great area for storage. (id:39198)
Location
Province
Ontario
City
Thorold
Address
232 Beaver Street
Postal Code
L2V1C1
Location Highlights
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Listed by
RE/MAX Escarpment Golfi 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
1,340
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
$559,000
Asking Price
$559,000
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)
1,340
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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