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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$639,000
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
Are you planning on buying your first home? Have you considered buying an income producing property? Take a look inside this large, well maintained duplex and enjoy everything that the River District has to offer. This turnkey property consists of an oversized 1 bedroom main floor unit and a spacious 3 bedroom upper unit, both with updated windows, roof, central air and furnace, *note that both units will be empty as of Dec 1 2023. Beginning on the main floor with brand new hardwood floors and tall ceilings it is bright and airy while still retaining that century charm. The floor plan is complete with a large bedroom featuring custom built-ins, a large bright kitchen with stainless steel appliances and formal living and dining areas. Heading to the upper unit, the tall ceilings, hardwood floors and century charm continues. There is a nice sized living room at the center of the home with plenty of space for the family. Further this unit has 3 spacious bedrooms, a 4 piece bath and a large updated kitchen with renovated modern cabinetry and stainless steel appliances. The full basement offers additional value with 2 purpose built, lockable storage areas. With a shared laundry room and shared back yard this property is a great investment property to live in one unit and rent out the other, or rent out two well maintained units in a great neighbourhood. Book your private viewing today. (id:39198)
Location
Province
Ontario
City
Owen Sound
Address
266 9th Street W
Postal Code
N4K3N8
Location Highlights
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Listed by
CENTURY 21 IN-STUDIO REALTY INC., Brokerage (Owen Sound) 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
2,784
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
$639,000
Asking Price
$639,000
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)
2,784
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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