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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$799,000
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
Offers welcome anytime. Great renovated triplex in great condition 1 block from the ION transit. Common laundry facilities in common porch area at rear of building. The main floor unit is vacant and estimate rent at $1,800/month plus hydro. Top unit is all inclusive. Upper unit $2095 monthly. Leased unit July 31, 2024 and lower unit $945 monthly pay for Hydro. Top unit renovated with new kitchen in 2021, bathroom renovated 2012. Main floor unit renovated in 2014 with steel beam installed through main support wall. Kitchen renovated in 2022. Appliances new in 2022. Bathroom renovated in 2014. Basement unit was new in 2009. Fire inspection April 2023. Seller will bring to current fire code. Each electrical panel are breakers for each unit. Legal triplex. Heating expense includes water and sewer expense. (id:39198)
Location
Province
Ontario
City
Kitchener
Address
425 Courtland Avenue E
Postal Code
N2G2W5
Location Highlights
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Listed by
RE/MAX TWIN CITY REALTY INC. 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
1,999
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
$799,000
Asking Price
$799,000
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)
1,999
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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