rotate

Rotate your device back to portrait Mode!

Apartment Building For Sale at 53 Poupore Street in Gogama, Ontario

4 Sale ID #213973
Updated 30 Apr 2024

Asking Price

$350,000

Cap Rate help 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.

N/A

Lot Size

N/A

Building Size

N/A

Premise Summary

ATTENTION INVESTORS, WANT A MONEY MAKER! This 4000 SQ FT multi-unit building with commercial space generates profitable income. It offers a fantastic investment opportunity for savvy investors looking to expand their portfolio. The front space is currently rented to a long-term tenant known as the Gogama Canada Post Office, providing a steady stream of revenue. The building is also known as Gogama Village inn and consists of a spacious upper living quarter with 4-bedroom, 3-bathroom, a large eat-in kitchen and a sunken living room all of which provides ample space for comfortable living. Additionally, there is a bachelor unit on the main floor currently rented to family member but will be vacant on closing and you can set your own rent. Behind the Canada post on the main level you’ll find another large 2-bedroom, 1-bathroom unit, which has a steady flow of seasonal tenants, and offers flexibility for different rental options. Units are mostly rented to Contractors and miners and hunters. Situated in the serene town of Gogama, located halfway between Sudbury and Timmins, this property provides a peaceful escape from the hustle and bustle of city life. Gogama is known for its excellent fishing and hunting opportunities, making it an attractive location for outdoor enthusiasts. Overall, this property presents a lucrative investment opportunity with a diverse range of rental units and a prime location that offers both tranquility and recreational activities for tenants. Indulge in fishing, hunting, hiking the lush forests, or off-roading through the beautiful forest. Whether you're seeking a tranquil retreat for yourself to move into and manage or considering it as a rental investment, this property is profitable and offer endless possibilities. (id:39198)

  • MLS® : #2115466
  • Date Listed : 12 Mar 2024

Location

Province

Ontario

City

Gogama

Address

53 Poupore Street

Postal Code

P0M1W0

Location Highlights

N/A

Listed by

RE/MAX CROWN REALTY (1989) INC., BROKERAGE (HANMER) Ontario listing

Category

apartment-buildings

Property Information

Premise Status

N/A

With Accommodation

N/A

Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

0

Year Built

N/A

Years Remaining in Current Lease Term

N/A

Renewal Options

N/A

Operational Information

Number of Working Owners

N/A

Current Owner - years

N/A

FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$350,000

Asking Price

$350,000

Cap Rate help 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.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

N/A

Gross Revenue- annual

N/A

Cash Flow - annual help 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)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

0

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


Can't find what you're looking for?
Discover our vault of Non-MLS listings by working with our Licensed, Professional Buyer Advisors
help
Rate this listing for your dashboard.

Can't find what you're looking for?
Discover our vault of Non-MLS listings by working with our Licensed, Professional Buyer Advisors