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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$669,900
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
TWO HOMES FOR THE PRICE OF ONE!! Very affordable country/lake living is here! Please read to the end - so many options!!... Two renovated year round homes with ROW access to Lake Erie waterfront on one 0.36 acre lot. House 1~ Unit 48A is vacant - 942 sq ft 2 bedroom & has been reno'd from the studs - new windows & doors, siding, flooring, drywall, new 100-amp electrical panel, plumbing, kitchen, bathroom, light fixtures, SS appliances, inc dishwasher & island, gas fireplace & laundry hook-ups. New front deck plus side deck. Original holding tank & cistern here, as well as metal roof. Unit 48B is currently tenanted at $1350 per month. New carpeting in bedrooms, new flooring in main area, It is 550 sq ft with 2 bedrooms, cool cathedral ceilings & faux brick wainscoting, Fresh paint throughout, incs laundry hook ups & features a unique upper loft. Each unit has a separate laneway & parking. Gorgeous mature treed chainlink fence on one side. OPTIONS: 1. Live in one & let the tenant help with the mortgage! 2. Rent both out to year round tenants, or as a lucrative air bnb. 3. Buy with a family member/friend and everybody has their own place with lots of space ($340,000 each sounds pretty affordable!) 4. Potential to sever into two parcels - and then sell them! GREAT INVESTMENT HERE! GET YOUR FOOT IN THE REAL ESTATE GAME! (id:39198)
Location
Province
Ontario
City
Lowbanks
Address
48a & 48b Nature Line
Postal Code
N0A1K0
Location Highlights
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Listed by
RE/MAX Escarpment 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
1,501
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
$669,900
Asking Price
$669,900
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)
1,501
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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