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Apartment Building For Sale at 56 HIGHWAY 17 EXWY E in Spanish, Ontario

4 Sale ID #186469
Updated 02 May 2024

Asking Price

$295,000

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

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Building Size

N/A

Premise Summary

The lot currently provides 4 apartments and 1 large warehouse but it possibly offers the opportunity to build and configure additional storage units on site, along with outdoor storage available. The large warehouse located on site can provide internal storage with the possibility to create more office spaces or units inside, as well as, the opportunity to possibly convert the 4 on-site apartments to more office spaces. Located adjacent to highway 17, the lot also offer possible opportunties for other development. Seller may offer partial VTB allowing a buyer the possibly purchase this property with a very low deposit. (id:39198)

  • MLS® : #X7347774
  • Date Listed : 07 Dec 2023

Location

Province

Ontario

City

Spanish

Address

56 Highway 17 Exwy E

Postal Code

P2B1R7

Location Highlights

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Listed by

RIGHT AT HOME REALTY Ontario listing

Category

apartment-buildings

Property Information

Premise Status

N/A

With Accommodation

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Tenancy

N/A

Lot Size

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Available Space

N/A

Building Size

90,000

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

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

$295,000

Asking Price

$295,000

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)

90,000

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


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