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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,899,000
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
''UNICORN" This beauty is a rare find, 4 level character home that was completely gutted to the studs in 1982. With 3934 SF & 42x116 Sf lot this property has a lot to offer. Keep it as a revenue generating home or convert to a family house with a couple suites. Features include 7 separate electrical meters, updated kitchen & flooring in 2008, drain tiles & electrical & copper piping in 1982, new roof & gutters in 2011, 5 outdoor parking, extra large deck off of the 3rd floor suite, excellent tenants & proactive owners. Close to Funky Main street, Mount Pleasant park, schools, shopping. Quiet tree-lined street. 5-1 bedroom, 1-2 bedroom suites. Annual income $109,656, insurance $5,161, hydro $1,683. Showings by appointment. https://player.vimeo.com/video/918611860 (id:39198)
Location
Province
British Columbia
City
Vancouver
Address
32 E 17th Avenue
Postal Code
V5V1A2
Location Highlights
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Listed by
RETREND REALTY LTD British Columbia 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
3,934
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
$2,899,000
Asking Price
$2,899,000
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)
3,934
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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