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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$998,000
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
Welcome to this Lake Huron prime property, featuring 3 cottages. Enjoy a superior beachfront with shallow water and stunning sunrise and sunset views. A new 50' steel seawall, with a concrete patio. The main bungalow boasts 4 bedrms, 2 bathrms, and an open-concept kitchen/dining/ living area with a spectacular view of the lake. Each of the two seasonal cottages has 2 bedrms, a 3-piece bathrm, and a combined kitchen/ living space. All units are freshly painted, well-designed, entirely furnished, and have newer metal roofs. The 500-square-foot garage offers additional space, with an extra laundry & storage area. The 510-foot deep lot provides ample parking, a gazebo, picnic tables & playground and is bordered by mature trees to the south and a beautiful sandy beach to the north. Situated just 20 mins from Grand Bend/Forest and close to Sarnia and London, this retreat is ideal for making family memories and ‘ready-to-go’ investment in lakefront living. (id:39198)
Location
Province
Ontario
City
Ipperwash
Address
6278 Spruce St Street
Postal Code
N0N1J2
Location Highlights
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Listed by
STREETCITY REALTY INC., BROKERAGE 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
1,635
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
$998,000
Asking Price
$998,000
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)
1,635
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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