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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,950,000
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 6 Unit Building right in the heart of one of Ottawa's best neighborhoods. This purpose built 6 unit building is located in Westboro, steps to all the shopping, restaurants, and amenities that Westboro has to offer. Only steps to transit and LRT, walking distance to vibrant Wellington street, and minutes to downtown. This building offers 6 well maintained and spacious one bedroom units, with stable tenants and solid income. Well located on a quiet street, and with many renovations and upgrades over the years, this one is sure to please. With plenty of upside on future rents, and located on a large lot with future potential for development in a rapidly changing area. (id:39198)
Location
Province
Ontario
City
Ottawa
Address
358 Winston Avenue
Postal Code
K2A1Y5
Location Highlights
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Listed by
EXP REALTY 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
$1,950,000
Asking Price
$1,950,000
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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