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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$499,900
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 fantastic opportunity to own a piece of history in the heart of Huntsville! Nestled just steps away from the busy downtown core, this is a unique investment opportunity with three distinct living spaces including a bachelor unit, a one-bedroom unit, and a spacious two-bedroom unit. Situated in a highly sought-after area, this triplex is conveniently located within walking distance to downtown Huntsville's array of shops, restaurants, parks, and amenities. Enjoy the vibrant urban lifestyle with easy access to all the city has to offer. This property presents an excellent opportunity for investors or owner-occupiers looking to generate rental income and help with mortgage payments. Whether you choose to rent out all units or maybe occupy one while renting the others, this property offers flexibility and potential for a steady revenue stream. (id:39198)
Location
Province
Ontario
City
Huntsville
Address
43 West Street S
Postal Code
P1H1P6
Location Highlights
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Listed by
Re/Max Professionals North, Brokerage, Bracebridge 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
2,450
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
$499,900
Asking Price
$499,900
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)
2,450
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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