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Apartment Building For Sale at 54 LABROSSE STREET in Moose Creek, Ontario

4 Sale ID #212626
Updated 06 May 2024

Asking Price

$850,000

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.

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Lot Size

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Building Size

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Premise Summary

The property is comprised of 5 rental units (main floor) and a separate partially finished lower level. 80% Occupancy with 4 out of 5 Units Tenanted. Potential to develop lower level. Mixed Use Building - Permitted business use includes (but not limited to): an Antique Shop, Flea Market, Art Gallery, Hotel, Artist’s Studio, Micro-Brewery, Museum, Bank/Financial Institution, Bakery, Office, Personal Service Establishment, Catering Establishment, Private Club, Clinic, Recreation Establishment, Convenience Store, Restaurant, Day Nursery, Retail Store, Dry Cleaning and Laundry Establishment, School, Shopping Centre, Tavern, Equipment Repair, Tourism Lodging Establishment, Equipment Sales/Rental, Domestic Veterinarian Establishment, Farmers' Market and more! Comprehensive list available on request. ONLY 7 minutes from Highway 417. Exit 58 (along Highway 138 towards Cornwall). (id:39198)

  • MLS® : #1380139
  • Date Listed : 06 Mar 2024

Location

Province

Ontario

City

Moose Creek

Address

54 Labrosse Street

Postal Code

K0C1W0

Location Highlights

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Listed by

RE/MAX HALLMARK REALTY GROUP Ontario listing

Category

apartment-buildings

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 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

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Financial Information

Yearly Rate

$850,000

Asking Price

$850,000

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.

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Gross Revenue- annual

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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)

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EBITDA help 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

N/A


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