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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$928,800
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
3310 sq ft stone 4 plex with 2 separate driveways in RM4 zoning with tremendous potential! The 85' X 132' lot has paved parking for 10-15 + vehicles with plenty of play yard to spare. 290 Main St is an attached 2 level semi with a 6 car plus private driveway and its own private fenced in backyard. It is the unit on the left side facing the property. 292 Main St has a separate driveway on the right side facing the property that leads to back yard parking for the other 3 units (Unit A, Unit B, Unit C). The property has 2 separate sewer lines and a new sewer line and water line was installed in 2017. There are 4 separate water meters, 4 separate hydro meters, 4 separate gas meters, 4 hot owned water tanks, 4 fridges, and 4 stoves. 3 Units have tenant owned laundry facilities. All the utilities are payed by the Tenants except the Landlord pays for Unit C water only. (Approx. $120/month) There is a separate back door walkdown to the basement for the building mechanics. The current rents are low but the potential is excellent for the savvy investor. Current rents are in the Realtor Remarks. (id:39198)
Location
Province
Ontario
City
Cambridge
Address
290-292 Main Street
Postal Code
N1R1Y1
Location Highlights
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Listed by
RE/MAX K.L.S. REALTY INC., 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
3,310
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
$928,800
Asking Price
$928,800
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)
3,310
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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