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Benefits
Asking Price
$2,940,000
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
Introducing an unparalleled masterpiece nestled in the heart of the North End of Halifax, welcome to 3572/3574 Acadia Street. This remarkable and contemporary dual-unit residence redefines the very essence of opulent coastal living on the East Coast of Canada. Spanning an impressive 3700 square feet across four meticulously designed levels, complemented by an additional 2200 square feet of expertly crafted balconies, this property offers a breathtaking panorama of the Halifax Harbour. From the moment you cross the threshold, you'll be entranced by the seamless fusion of modern aesthetics and timeless sophistication. The open-concept layout creates an expansive environment, facilitating effortless transitions between living spaces. This haven graciously offers an abundance of generously sized bedrooms, each painstakingly crafted to provide an exclusive and serene retreat. These well-appointed chambers feature ample space, abundant natural light, and awe-inspiring vistas, with many offering direct access to private balconies. The bathrooms showcase sleek matte gold fixtures, bespoke wood vanities, custom showers, and indulgent jacuzzi bathtubs. Elevating the property to new heights is its state-of-the-art technology, including integrated smart home systems that empower you to command the lighting, home security cameras, and custom window coverings at your fingertips.Highlighting the numerous premium features, this residence boasts an innovative NLT structure, a penthouse-style primary suite, three gas fireplaces, two saunas, a rejuvenating steam shower, and a sumptuous hot tub, among other luxurious amenities. The captivating indirect lighting enhances the ambiance. Nestled in the North End of Halifax, this property provides easy access to an array of amenities, parks, upscale dining, and trendy boutiques. The north end is rich in history and boasts a flourishing art scene and close-knit community, making it the perfect setting for an unparalleled luxury lifestyle. (id:39198)
Location
Province
Nova Scotia
City
Halifax
Address
3572/3574 Acadia Street
Postal Code
B3K3P4
Location Highlights
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Listed by
Royal LePage Atlantic Nova Scotia 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
$2,940,000
Asking Price
$2,940,000
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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