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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,200,000
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
Fantastic opportunity for investors. 25 Perkins=middle unit, 27 Perkins=end unit. Over $45,000/yr net income. Two 1-bed units and one 2-bed unit next to Lebreton Flats (and hopefully the NEW Ottawa Senators Stadium). 25 Perkins rent is $2595 + hydro/mo and 27 Perkins rent is $2241+ hydro/mo. Detailed pdf with expenses and income along with current tenant situation available upon request. All units tenanted and all wish to stay if possible. Minutes from the bridge to Gatineau, 2.5km from University of Ottawa, 2.2km from Elgin St, 6 minute walk to Pimisi LRT station, close to Little Italy and China Town. Lebreton Flats Master Concept Plan available. The plan is based on public feedback and builds. LeBreton Flats is a 29-hectare site anchored by two LRT stations at Pimisi and Bayview that hosts the yearly Bluesfest festival and in the future will be the home of a new up-and-coming community (or hockey arena). 27 has central A/C, 25 does not. Property is on a quiet dead-end street. (id:39198)
Location
Province
Ontario
City
Ottawa
Address
27 Perkins Street
Postal Code
K1R7G4
Location Highlights
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Listed by
RE/MAX DELTA REALTY TEAM 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
0
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
$1,200,000
Asking Price
$1,200,000
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)
0
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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