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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,699,000
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
Fantastic Investment Opportunity in Port Credit. Two Legal Triplex's situated on a massive 80' x 132' lot. Very well maintained with 5 out of 6 units updated over the years. 4-2-bedroom units and 2-1-bedroom units include a Living, Dining, Kitchen, Washroom, 1 parking spot & separate electric meter. Current gross income $111K with one 2-bedroom owner occupied. Potential Gross Income $140,000+++! 2-Bedroom units approx. 950 sqft and 1-bedroom units approx. 810 sqft. Steps to Lakeshore Rd.! **** EXTRAS **** Hardwood throughout, Roof (2017), Windows (2011), Electric House meter for common areas & laundry, 2 gas fed boilers in good condition. One-coin operated washer & dryer for tenants & separately owned washer & dryer for the owner. (id:39198)
Location
Province
Ontario
City
Mississauga
Address
50-52 Peter St N
Postal Code
L5H2G8
Location Highlights
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Listed by
RE/MAX WEST 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
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
$2,699,000
Asking Price
$2,699,000
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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