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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$194,900
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
Investment opportunity awaits for this 2 unit duplex with approx 3000 sq. ft. of living space. This property has potential to be 3 units, let alone 4 if the garage was converted into a suite. House and garage just had new asphalt shingles, soffit and facia installed with the yard having had regrading and grass reseeding. Main level has a 2 Br 1 bath suite with it's own laundry and has plenty of space and character with original hardwoods, fireplace and mouldings. Upper unit is a 1 Br 1 bath with its own laundry and plenty of space to add a second bedroom. Above the Upper unit is a loft area which could be finished off and used as another bedroom, teen Haven! Basement is currently used for storage but could be made into a suite. Garage is heated and zoned commercial so if wanting to start up a business you have the ability! Beautiful location with beautiful views of the Rainy River, right out front is Hannam Park, the walking trail and main docking system for Rainy to launch your boat or just to throw a line in and catch supper! Buy it as a investment/income property or live in one unit and rent out the other, possibilities are endless so come check it out today! (id:39198)
Location
Province
Ontario
City
Rainy River
Address
303 River Ave
Postal Code
P0W1L0
Location Highlights
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Listed by
RE/MAX NORTHWEST REALTY 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
2,160
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
$194,900
Asking Price
$194,900
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)
2,160
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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