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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$789,900
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
Welcome to this charming century home located in the heart of Elmvale! This quaint property offers a unique combination of character and modern convenience, making it an ideal investment opportunity or perfect for multigenerational living and first-time homebuyers. Situated on a partially fenced lot, this home offers over 3000 ft.² of living space, providing ample room for everyone. The vacant, duplex offers a completely, updated apartment complete with its own kitchen, bathroom, and separate entrance. Freshly painted and brand-new carpet. This additional living space offers endless possibilities, whether you're looking to generate rental income or accommodate extended family members. Showcasing 2 bedrooms, one on the main floor and one below. The main residence exudes old-world charm with its original architectural details, including hardwood floors, high ceilings, and intricate trim work. The spacious and inviting living areas are perfect for entertaining guests or simply relaxing with loved ones. Offering 4 bedrooms and 2 full baths, this home would cater to a growing family. With two driveways, parking will never be an issue, providing convenience for multiple vehicles or guests. The partially fenced yard offers privacy and a safe space for children or pets to play. Metal roof on the main residence and a shingled roof on the apartment, newer furnace (2021) in both units and some updated windows. Both units have separate hydro meters. Private and separate outdoor spaces as well. Located in the desirable community of Elmvale, this home is surrounded by amenities, including schools, parks, shopping, and entertainment options. Enjoy the tranquillity of small-town living while still being within easy reach of larger city centres. (id:39198)
Location
Province
Ontario
City
Elmvale
Address
43 Queen Street E
Postal Code
L0L1P0
Location Highlights
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Listed by
RE/MAX Hallmark Chay Realty Brokerage 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
3,045
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
$789,900
Asking Price
$789,900
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)
3,045
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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