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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$849,900
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
This Investment Opportunity awaits you in the growing and vibrant town of Mount Forest located one hour from KW and Guelph! With the close proximity of small town living to the larger centers, this property makes great locational and financial sense to add to your portfolio or live in one and rent out the other 2 units. Impeccably and lovingly maintained solid, brick triplex with great curb appeal well situated on a large lot featuring 3 units. Unit #1-2 BR, Unit #2- 1 BR and sunroom/den and Unit #3-2 BR and office/nursery. Units all have living rooms, kitchens with appliances included, 3 pc. or 4 pc. bathroom, bedroom(s), laundry, individual entrances and parking. Separate hydro meters and electric hot water heaters. Rents are all inclusive with gas heat and central A/C. Roof 2017. Outdoor storage for tenants and a gorgeous, spacious backyard that is shared by the tenants. 14.6 x 20.6 detached garage with water and hydro. Prime location being minutes to the main street, playground/ pool and school. Owner has been very diligent in maintenance and upgrades during ownership. A solid investment or can be converted to a family dwelling. Call to book your showing today! (id:39198)
Location
Province
Ontario
City
Mount Forest
Address
430 Parkside Drive
Postal Code
N0G2L3
Location Highlights
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Listed by
WILFRED MCINTEE & CO LTD Brokerage (Walkerton) 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
2,551
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
$849,900
Asking Price
$849,900
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)
2,551
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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