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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$689,900
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
2 x buildings for the price of one! Semi-detached back-to-back duplex located in Woodfield, the heart of Downtown London. Front building (vacant) - newer addition is a raised ranch 4 bed, 1 bath unit fully updated with new lighting, paint, flooring, patio & finished basement with in-law suite potential. The back building is the originally built 1.5-storey cottage-like building featuring 2 beds & 2 full baths. This layout offers 3 tiers of outdoor patio space, a master bedroom loft with ensuite + laundry & new additional heat pump unit. The back unit is currently rented month-to-month for $1541 + utilities (photos are prior to tenancy). The property has a new driveway with parking for +4 cars & a storage shed used by the landlord. Fully licensed with the City of London. Separate gas, hydro & water meters. 2 furnaces, 2 water heaters & 2 laundry’s. No rental items, all appliances owned. New sewer in 2022. Perfect layout for house hackers to live in one unit & maximize your rental income with the other! Potential rent for the front building is $2850/month + utilities. Investors, no overhead costs! Call today for further details. This listing won’t last long! (id:39198)
Location
Province
Ontario
City
London
Address
582 Princess Avenue
Postal Code
N6B2B9
Location Highlights
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Listed by
THE AGENCY REAL ESTATE 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
3,000
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
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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
$689,900
Asking Price
$689,900
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)
3,000
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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