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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,395,000
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
This coveted Morrow Estate contains 12 apartment units and over 10,000 sq ft of finished space with solid Cash Flow in place and easily financeable with CMHC or conventional with attractive terms. Lots of room for improvement on the property and with gross income allowing the opportunity for a traditional value-add strategy (BRRR). You'll be proud to own this trophy property on prestigious Weller Ave., highly sought after by tenants and residents of Peterborough's historic West End. (id:39198)
Location
Province
Ontario
City
Peterborough
Address
480-484 Weller Street
Postal Code
K9H2N6
Location Highlights
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Listed by
Rock Star Real Estate Inc., 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
0
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
$2,395,000
Asking Price
$2,395,000
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)
0
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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