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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,060,000
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
Legal Duplex! Purpose-built new in 2022. Conveniently located in Victoria Hills, close to all amenities. Property backs onto Belmont Park. Timeless open concept layouts in both units, outfitted with 9-foot ceilings in the basement. Natural light soaks in through the large windows. Each unit features its own private deck. Other features you'll love include the walk-in closets and the designer kitchens with quartz counters. Both units have signed leases, boasting a gross annual income of $54,000. Each unit has 2 beds and 1 bath. Lower unit comprises main and basement levels and includes garage. Upper unit comprises second level. Utilities in each unit are separately metered and tenants pay their own utilities. The discerning investor will realize the income potential of this newer, low maintenance property with no interior common areas to maintain. The neighbouring property (26 Edgewood Drive) is also available. Photos of Unit #2 are from 26 Edgewood Drive (same layout and finishes, but mirror reversed). (id:39198)
Location
Province
Ontario
City
Kitchener
Address
24 Edgewood Drive
Postal Code
N2M2A1
Location Highlights
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Listed by
CENTURY 21 HERITAGE HOUSE LTD. 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
2,522
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
$1,060,000
Asking Price
$1,060,000
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)
2,522
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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