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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$999,999
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
DESIRABLE DOWNTOWN DUPLEX...located at 240 Wellington Street in a terrific location within walking distance to Queen's, shopping, great restaurants and more. This duplex is comprised of a 1 bedroom plus den unit on the main floor and a 4 bedroom unit on the second and third floors. Both units have stainless steel appliances, separate hydro panels, in-suite laundry, and access to the fenced, west facing backyard. Tenants in the lower unit are on a month to month lease while the tenants in the upper unit are on a lease until April 30, 2025. This is a wonderful opportunity for someone to live in a convenient area and have supplemental income, or for an Investor as well. (id:39198)
Location
Province
Ontario
City
Kingston
Address
240 Wellington Street
Postal Code
K7K2Y8
Location Highlights
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Listed by
Royal LePage ProAlliance Realty, Brokerage 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
1,825
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
$999,999
Asking Price
$999,999
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)
1,825
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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