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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,399,900
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
Excellent opportunity for buy and hold investor. This listing includes 4 properties that have merged on title. 386, 388, 390-392 Cannon and 129 Steven Street. Being sold alongside 384 Cannon St. E. (H4174951). Listing includes two renovated semi-detached homes, that show well with parking, a gutted 5 plex itching for a rebuild and a vacant commercial lot. The semi detached homes are clean and bright and move in ready. Lots of opportunity to maximize the potential of the site. Being sold alongside 384 Cannon St East. Properties currently tenanted. Being sold as is. Great location close to amenities, schools, public transit and downtown. *Sq ft is combination of multiple properties. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
386-390-392 Cannon Street E
Postal Code
L8L2C4
Location Highlights
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Listed by
Royal LePage Burloak Real Estate Services 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
4,740
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
$1,399,900
Asking Price
$1,399,900
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)
4,740
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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